Lahore: Kot Addu Power Company Limited, in conjunction with Fauji Cement Company Limited, has initiated a public offer to acquire up to 10,950,306 ordinary shares of Attock Cement Pakistan Limited (ACPL), representing approximately 7.97% of the company’s total paid-up ordinary share capital. The offer aligns with the requirements set forth in the Securities Act, 2015, and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

The designated market category for this transaction is the Pakistan Stock Exchange (PSX), where the offer was announced following an initial public announcement on February 17, 2026. According to the regulations, offer letters along with acceptance forms were dispatched to the shareholders of the target company. The public announcement regarding the commencement of the acceptance period for the public offer is scheduled to be published in The Nation (English) and The Nawa-e-Waqt (Urdu) on April 4, 2026.

According to information available from the Pakistan Stock Exchange (PSX), the joint acquirers have partnered to gain joint control of ACPL through this acquisition. The process has been managed by Integrated Equities Limited, acting as the manager to the offer on behalf of both Fauji Cement Company Limited and Kot Addu Power Company Limited.

The strategic move by the acquirers reflects their intent to expand their influence and operational control within the cement sector by acquiring a significant stake in ACPL. The shareholders of ACPL have been duly informed, and the Trading Rights Entitlement Certificate (TREC) holders have been notified accordingly.

This acquisition bid marks a significant step for both Fauji Cement Company Limited and Kot Addu Power Company Limited in their strategic expansion plans within the industry, as they seek to solidify their positions and operational capacities.