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News KAPCO and Fauji Foundation bid for 84% stake in Attock Cement

KAPCO and Fauji Foundation bid for 84% stake in Attock Cement

Written by Global Cement staff 20 August 2025
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Pakistan: Kot Addu Power Company (KAPCO) and Fauji Foundation have submitted a binding offer to acquire Pharaon Investment Group’s entire 84% stake in Attock Cement, according to Pakistan Today news. Each acquirer intends to purchase 42% of the company’s issued and paid-up capital.

KAPCO confirmed the development in a notice to the Pakistan Stock Exchange. The offer remains subject to acceptance by the seller, execution of a share purchase agreement, regulatory approvals and other conditions. The partners first declared their intention to jointly acquire control of Attock Cement in June 2025.

Last modified on 20 August 2025
Published in Global Cement News
Tagged under
  • Pakistan
  • Attock Cement
  • Fauji Foundation
  • Acquisition
  • offer
  • Bid
  • Stake
  • Asia
  • GCW723
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