Fauji Cement Joins KAPCO in Major 84% Attock Cement Buyout

Fauji Cement Company Limited (FCCL) and Kot Addu Power Company Limited (KAPCO) have confirmed a joint acquisition of 84.06% of Attock Cement’s issued and paid-up capital, with each company acquiring 42.03%, totaling 115.5 million shares. This follows a public announcement made in June 2025, with Fauji Foundation and Integrated Equities Limited managing the transaction.

The buyout aims to leverage strategic business synergies within the group and strengthen control over one of Pakistan’s leading cement producers. The deal is contingent on executing a share purchase agreement, completing transaction documents, and meeting all regulatory requirements. Once finalized, Fauji Cement and KAPCO will jointly oversee Attock Cement’s operations, enhancing operational collaboration and market reach.

The companies have formally informed the Securities and Exchange Commission of Pakistan (SECP) and other relevant authorities about the acquisition. Both parties reaffirmed their commitment to completing the deal transparently, adhering to corporate governance standards and strategic growth objectives.