Fauji Cement, KAPCO Take Control of Attock Cement After Buying 92% Stake

Kot Addu Power Company Limited and Fauji Cement Company Limited have taken control of Attock Cement Pakistan Limited after acquiring a combined 92.03 percent stake, according to the disclosure made to the Pakistan Stock Exchange.

The companies said the transaction was completed on April 24, 2026, after fulfilling all contractual, corporate, and regulatory requirements, including a mandatory tender offer under takeover laws.

The acquisition gives the two companies joint control of Attock Cement, marking a major shift in ownership of one of Pakistan’s key cement producers.

The deal follows earlier approvals, including clearance from the Competition Commission of Pakistan in February after a Phase I review.

The acquisition process began in January 2026, when Fauji Cement and KAPCO signed an agreement to acquire a majority stake from Pharaon Investment Group.

In addition to the initial acquisition, the companies also purchased an additional 7.97 percent stake through a mandatory tender offer, raising their total holding to over 92 percent.

With this, Attock Cement has effectively come under the control of the two companies, consolidating their position in Pakistan’s cement sector.

Fauji Cement, part of the Fauji Foundation group, is a major listed cement producer, while KAPCO is a listed power generation company now expanding into industrial investments.