Fauji Cement Company Limited (FCCL) has confirmed a joint acquisition with Kot Addu Power Company Limited (KAPCO) to purchase an 84.06% stake in Attock Cement Pakistan Limited, subject to regulatory approvals. The move marks a significant consolidation in Pakistan’s cement industry.
According to an official notice submitted to the Pakistan Stock Exchange, FCCL and KAPCO will each acquire 42.03% of Attock Cement’s issued and paid-up capital, totaling 115.5 million shares. The acquisition follows a public declaration of intent made in June 2025 by both companies and the Fauji Foundation, with Integrated Equities Limited acting as the manager of the offer.
Fauji Cement, the cement arm of Fauji Foundation, stated that the acquisition aims to leverage synergies across the group and strengthen its market position. The companies clarified that the deal depends on the execution of the share purchase agreement, completion of transaction documents, and fulfillment of all regulatory requirements.
Once finalized, the acquisition will provide joint control of Attock Cement to Fauji Cement and KAPCO. Attock Cement is one of the country’s leading cement producers, and the transaction is expected to enhance operational efficiency and expand the production footprint of both companies.
The companies have informed the Securities and Exchange Commission of Pakistan and other relevant authorities about the development, ensuring full regulatory compliance. Industry analysts say the move could lead to increased competitiveness in the Pakistani cement sector and may prompt further strategic alliances among major players.
Fauji Cement’s participation in this joint acquisition underscores its ongoing commitment to growth and market leadership. By partnering with KAPCO, Fauji Cement is aiming not only to strengthen its production capabilities but also to optimize resource utilization and drive long-term business sustainability.
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This acquisition highlights a growing trend of consolidation in Pakistan’s industrial sector, reflecting companies’ efforts to achieve operational efficiency and enhance shareholder value through strategic partnerships.
