Fauji Cement Company Limited (FCCL) and Kot Addu Power Company Limited (KAPCO) have announced their plan to jointly buy 84.06% of the total shares of Attock Cement Pakistan Limited (ACPL). This major business move shows the growing cooperation between companies under the Fauji Foundation group.
The announcement follows a Public Announcement of Intention made on June 3, 2025, through Integrated Equities Limited, which is acting as the Manager to the Offer. The aim of the deal is to jointly control and manage Attock Cement, one of the key players in Pakistan’s cement industry.
The Board of Directors of FCCL, in its meeting held on November 3, 2025, approved this decision after carefully studying the potential benefits. The board believes that the merger will create strong business synergies within the Fauji Foundation’s cement vertical, improving efficiency and competitiveness in the market.
However, the acquisition process is still subject to several conditions. These include signing a share purchase agreement, completing all transaction documents, and obtaining necessary regulatory approvals. Only after these steps are completed will the deal be finalized.
This joint acquisition marks an important development in Pakistan’s industrial sector. By joining forces, Fauji Cement and KAPCO aim to strengthen their position in the cement market, support local production, and contribute to the country’s economic growth through increased collaboration and innovation.
