Pakistan: Fauji Cement (FCCL) and Kot Addu Power (KAPCO) will launch a public offer to acquire up to 7.97% of ordinary shares in Attock Cement (ACPL) at US$1.18 per share, following their agreement on 30 January 2026 to purchase an 84.06% stake in ACPL from parent company Pharaon Investment Group Holding. The public offer will run from 6-12 April 2026, with total potential investment reaching US$12.9m, assuming full acceptance. AKD Securities Limited said the acquisition will be financed through cash, with the companies’ total investment, including the public offer, reaching approximately US$74.7m. FCCL and KAPCO hold cash reserves of US$68m and US$135m respectively.
Fauji Cement and Kot Addu Power to acquire Attock Cement stake
