KAPCO to acquire 46% stake in Attock Cement
MG News | March 17, 2026 at 09:26 AM GMT+05:00
March 17, 2026 (MLN): Kot Addu Power Company
Limited (PSX:KAPCO) has been authorized to invest up to $74.62 million in
equivalent Rupees for the acquisition of
up to 63,238,327 ordinary shares of Attock Cement Pakistan Limited.
This represents a stake of up to 46% of its issued and
paid-up share capital.
The authorization was passed through a resolution at the
company's 14th Extraordinary General Meeting held on March 16, 2026.
The resolution further empowers any two of the Chief
Executive, General Manager Finance/CFO, and/or Company Secretary, acting
jointly, to execute all acts, agreements, and documents necessary to implement
the transaction, including requisite regulatory filings.
The aforementioned information was disseminated
through a notification to Exchange.
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