Karachi: Cherat Cement Company Limited has announced its intention to acquire a significant majority stake in Attock Cement Pakistan Limited. This strategic move involves the acquisition of at least 84.06 percent of the ordinary shares, equivalent to 115,526,349 shares, thus securing joint control of the company.

The public announcement of this intention was published on June 6, 2025, in daily Business Recorder (English) and Nawa-e-Waqt (Urdu) newspapers. This publication was in compliance with Regulation 6(5) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

According to information available from the Pakistan Stock Exchange (PSX), this acquisition marks a noteworthy development in the market sector. The planned acquisition is poised to impact both companies' positions within the industry, as Cherat Cement seeks to strengthen its influence and operational capacity in the cement sector through this significant acquisition. The move is also expected to have implications for shareholders and stakeholders of both Cherat Cement and Attock Cement, given the scale of the transaction.

This announcement underscores Cherat Cement's commitment to expanding its footprint in the cement production landscape, reflecting ongoing trends of consolidation within the sector.