⚡ Flash Summary
Fauji Cement Company Limited (FCCL) and Kot Addu Power Company Limited (KAPCO) intend to acquire majority shares and joint control of Attock Cement Pakistan Limited. Fauji Cement is replacing Fauji Foundation as an acquirer. The Public Announcement of Intention (PAI) addendum has been submitted by Integrated Equities Limited (IEL), the Manager to Offer (MTO), for acquiring up to 84.06% shares of Attock Cement. The PAI is expected to be published in English and Urdu newspapers within two working days.
📌 Key Takeaways
- 📢 FCCL and KAPCO plan to jointly acquire Attock Cement.
- 🤝 FCCL replaces Fauji Foundation as an acquirer.
- 💼 IEL is the Manager to Offer (MTO) for this acquisition.
- 🎯 Target: Acquisition of up to 84.06% shares of Attock Cement.
- 📜 PAI addendum submitted to Pakistan Stock Exchange.
- 📰 PAI to be published in “The Nation” and “Nawa-i-Waqt” newspapers.
- 📅 Publication expected by 06 November 2025.
- 🏢 Attock Cement is the “Target Company.”
- ⚖️ Acquisition is under the Securities Act, 2015.
- 🏢 FCCL’s largest shareholder is Fauji Foundation (61.65%).
- ⚡ KAPCO’s major shareholder is WAPDA (40.25%).
- 🏢 IEL’s Head Office: Lahore; Branch Office: Karachi.
🎯 Investment Thesis
Given the information, a HOLD recommendation is appropriate. The acquisition could lead to long-term value creation, but the lack of financial details and inherent risks warrant caution. More information is needed for a more informed decision. The price target is pending further financial analysis.
Disclaimer: AI-generated analysis. Not financial advice.