KAPCO Board approves joint control of Attock Cement with Fauji Foundation

MG News | June 03, 2025 at 10:01 AM GMT+05:00

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June 03, 2025 (MLN): The Board of Directors of Kot Addu Power Company Limited (PSX: KAPCO) has approved the acquisition of shares and joint control of Attock Cement Pakistan Limited (ACPL) in collaboration with Fauji Foundation (FF).

This approval was given in accordance with the Securities Act, 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

The Board has further authorized the issuance of a Public Notice of Intention to ACPL, the Pakistan Stock Exchange (PSX), and the Securities and Exchange Commission of Pakistan (SECP).

Integrated Equities Limited has been appointed as the Manager to the Offer (MTO) to oversee the process, the company's filing on PSX revealed today.

The approval also includes the commencement of due diligence and negotiation of acquisition terms, subject to the completion of necessary corporate and regulatory formalities.

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