⚡ Flash Summary
Attock Cement Pakistan Limited (ACPL) has announced the withdrawal of the public announcement of intention by Alpha Cement Company Limited to acquire 84.06% of ACPL’s voting shares. The initial announcement of intention was made on June 3, 2025. Arif Habib Limited, acting as the manager to the offer on behalf of Alpha Cement, issued the withdrawal notice. This decision reverses the potential acquisition, leaving Attock Cement’s ownership structure unchanged.
📌 Key Takeaways
- ❌ Alpha Cement withdraws intention to acquire 84.06% of Attock Cement’s voting shares.
- 📅 Original announcement of intention was made on June 3, 2025.
- 💼 Arif Habib Limited acted as the manager to the offer for Alpha Cement.
- 📄 Withdrawal notice issued on October 9th, 2025.
- 📰 Withdrawal notice published in Business Recorder and Nawa-i-Waqt.
- 🚫 Potential acquisition of 84.06% stake will not proceed.
- 🏢 Attock Cement’s ownership structure remains as is.
- cement industry sector affected by this cancellation
- cement production expected to remain stable
- 📈 Stock Exchange requested to disseminate information to shareholders.
🎯 Investment Thesis
HOLD. Given the withdrawal of the acquisition, the stock’s outlook reverts to Attock Cement’s standalone performance. Without specific financial data, it is difficult to provide a precise price target, but the investment thesis is to HOLD until further information on company performance is available.
Disclaimer: AI-generated analysis. Not financial advice.