Karachi: Integrated Equities Limited has announced an extension in the timeline for the public announcement of an offer to acquire shares and joint control of Attock Cement Pakistan Limited. The extension has been requested by the potential acquirers, Fauji Cement Company Limited (FCCL) and Kot Addu Power Company Limited (KAPCO), under the Securities Act, 2015, and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

The acquisition process began with a Public Announcement of Intention (PAI) published on June 4, 2025, to acquire majority shares from Pharaon Investment Group Limited Holding S A L, the current owner. Fauji Cement Company Limited, which replaced the previously involved Fauji Foundation, and Kot Addu Power Company Limited are jointly referred to as the 'Acquirers'.

According to information available from the Pakistan Stock Exchange (PSX), the Acquirers are actively engaged in discussions and negotiations with the Seller to finalize definitive agreements. However, due to the complexity and anticipated duration of these negotiations, the Acquirers have communicated that it will not be feasible to make the Public Announcement of the Offer within the initially intended 180-day period following the June 4, 2025, publication of the PAI.

Consequently, the Acquirers have notified the Securities and Exchange Commission of Pakistan and the Pakistan Stock Exchange Limited that they are extending the deadline for the Public Announcement of the Offer by an additional ninety days. This extension sets the new deadline at March 1, 2026, in accordance with Regulation 7(1) of the Takeovers Regulations.