Kot Addu Power Company Limited (PSX: KAPCO) has been authorized to invest up to $74.62 million (in equivalent Rupees) for the acquisition of up to 63,238,327 ordinary shares of Attock Cement Pakistan Limited. This represents a stake of up to 46% of the cement company’s issued and paid-up share capital.
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The authorization was passed through a resolution at the company’s 14th Extraordinary General Meeting (EOGM) held on March 16, 2026. The move marks a significant strategic diversification for KAPCO, moving beyond its core power generation business into the cement sector.
Transaction Details
| Aspect | Detail |
|---|---|
| Acquirer | Kot Addu Power Company Limited (KAPCO) |
| Target | Attock Cement Pakistan Limited |
| Stake Acquired | Up to 46% |
| Shares | Up to 63,238,327 ordinary shares |
| Investment Value | Up to $74.62 million (equivalent Rupees) |
| Authorization | 14th EOGM, March 16, 2026 |
Implementation Authority
The resolution further empowers any two of the following officers, acting jointly, to execute all acts, agreements, and documents necessary to implement the transaction:
- Chief Executive
- General Manager Finance / CFO
- Company Secretary
This includes making requisite regulatory filings to complete the acquisition process.
Strategic Rationale
The acquisition represents a major diversification move for KAPCO, which has historically been focused on power generation as one of Pakistan’s largest independent power producers. By acquiring a significant stake in Attock Cement, KAPCO gains exposure to:
- Cement Sector: Pakistan’s construction and infrastructure industry
- Portfolio Diversification: Reducing reliance on the power sector alone
- New Revenue Streams: Potential dividends and capital appreciation from cement operations
- Synergistic Opportunities: Possible operational or financial synergies between portfolio companies
About Kot Addu Power Company (KAPCO)
Kot Addu Power Company Limited (PSX: KAPCO) is one of Pakistan’s largest and most efficient independent power producers, operating a combined cycle power plant in Kot Addu. The company has a strong track record of operational performance and financial stability.
About Attock Cement Pakistan Limited
Attock Cement Pakistan Limited is a leading cement manufacturer in Pakistan, with production facilities serving both domestic and export markets. The company is part of the larger Attock Group, which has diversified interests across cement, petroleum, and other sectors.
