Pakistan: Five companies have signalled interest in bidding for Attock Cement. These include Alpha Cement Company, Bestway Cement and Cherat Cement Company, along with military investment fund Fauji Foundation and utilities provider Kot Addu Power Company. Pakistan Today News has reported that Fauji Foundation and Kot Addu Power Company’s plans consist of a joint acquisition of 84% of Attock Cement, followed by a mandatory public offer for the free float. Alpha Cement Company, meanwhile, may seek to buy as much as 92%, through a follow-on offer.
Attock Cement commands 3Mt/yr of capacity in South Pakistan, reportedly an increasingly attractive region, amid the on-going ‘revival’ of exports from Karachi port.
Alpha Cement Company was incorporated in Karachi in November 2024.
