Pakistan: The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of Attock Cement Pakistan by Fauji Cement Company and Kot Addu Power following a Phase-I review under the Competition Act of 2010.
The buyers filed a pre-merger application on 3 February 2026 to acquire a controlling stake in Attock Cement from Pharaon Investment Group under a scheme of arrangement dated 30 January 2026. Completion of the transaction will give Fauji Cement and Kot Addu Power joint control of the listed cement producer.
The competition watchdog said that, although the deal involves a horizontal overlap between Fauji Cement and Attock Cement, the combined entity's market share would remain below the statutory dominance threshold. The commission concluded that the transaction is unlikely to create or strengthen a dominant position or substantially lessen competition, and authorised the deal under Section 11 of the Competition Act.
