The planned acquisition of a majority stake in Attock Cement Pakistan Limited (ACPL) by a consortium comprising Fauji Cement Company Limited and Kohinoor Power Company Limited (KAPCO) has been delayed, pending further regulatory review and approvals. The transaction, which was initially expected to reach completion by the end of the current quarter, will now undergo extended evaluation by the Competition Commission of Pakistan (CCP) and other relevant regulatory bodies.
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The delay follows a request for additional documentation and clarifications regarding the proposed transaction’s impact on market competition and pricing dynamics, particularly in the northern region of Pakistan where all three companies have a significant operational footprint. The consortium has reaffirmed its commitment to the acquisition and is fully cooperating with regulatory authorities to address inquiries and fulfill all statutory requirements.
Industry analysts note that the CCP is closely examining the potential effects of the acquisition on cement supply, regional pricing, and overall sector competition. The proposed merger would significantly alter the market landscape, creating one of the largest cement production entities in the country. The extension in the regulatory timeline is viewed as a routine but essential step in ensuring transparent and fair market practices.
A spokesperson for the Fauji Cement-KAPCO consortium stated, “We remain fully committed to this strategic acquisition and are working closely with the relevant regulatory authorities to facilitate a timely and smooth approval process. We are confident that the transaction will bring long-term value to the industry, shareholders, and the economy at large.”
Shareholders and market participants have been advised of the revised timeline, with updates to be communicated following the conclusion of the regulatory review. The acquisition, once approved, is expected to enhance production capacity, optimize operational efficiencies, and strengthen the group’s competitive positioning in a rapidly consolidating cement sector.
