Pakistan: Maple Leaf Cement has announced a potential acquisition of Pioneer Cement, which, if realised, would elevate it to being the second-largest cement producer in the north of Pakistan, raising its capacity from 8Mt/yr to 13Mt/yr.
Maple Leaf Cement and its subsidiary Maple Leaf Capital jointly hold an 18.6% stake in Pioneer Cement, while Habibullah Group owns ~58%. The remaining 23.4% is owned by small private investors.