KARACHI: Attock Cement Pakistan Limited (ACPL) has announced the successful completion of the sale of its majority shareholding, marking a significant milestone in the company’s change of ownership and control. The company disclosed the development in a material information notice submitted to the Pakistan Stock Exchange (PSX).
According to the notification, the update follows the Sale and Purchase Agreement (SPA) signed on January 30, 2026, between Fauji Cement Company Limited and Kot Addu Power Company Limited, acting as the purchasers, and Pharaon Investment Group Limited (Holding S.A.L.), the seller. The transaction involved the acquisition of an 84.06% stake in Attock Cement Pakistan Limited, representing the majority of the company’s issued and paid-up share capital.
Attock Cement informed the exchange that the transaction was officially completed on April 24, 2026, after fulfilling all contractual obligations and meeting the applicable corporate and regulatory requirements. These included compliance with the Listed Companies (Substantial Acquisitions of Voting Shares and Takeovers) Regulations, 2017.
The completion of the acquisition formally transfers joint control of Attock Cement to the purchasing consortium, paving the way for a new phase in the company’s strategic direction. Market participants are expected to closely monitor any future announcements regarding management changes, operational strategy, or expansion plans under the new ownership.
The company has requested the Pakistan Stock Exchange to notify TRE Certificate Holders of the successful completion of the transaction, ensuring investors are informed of the material corporate development.
The acquisition is considered one of the notable corporate transactions in Pakistan’s cement sector this year and is expected to strengthen the strategic positioning of the acquiring companies while potentially enhancing long-term value for Attock Cement’s stakeholders.
