⚡ Flash Summary

Kot Addu Power Company (KAPCO) issued a clarification regarding a news item speculating on the finalized acquisition of Attock Cement Pakistan Limited (ACPL). KAPCO stated that the news was premature and inaccurate, emphasizing that the proposed joint acquisition with Fauji Cement Company Limited (FCCL) is still in process. The company reiterated that the acquisition remains subject to finalization of acquisition terms, due diligence, execution of agreements, and regulatory approvals. KAPCO affirmed its commitment to keeping the exchange and public informed of any material developments.

📌 Key Takeaways

• 📢 KAPCO clarifies news regarding Attock Cement acquisition.
• 📰 News item in Business Recorder speculated finalized transaction.
• ❌ KAPCO states news is premature and inaccurate.
• 🤝 Proposed joint acquisition with FCCL is still in progress.
• 📅 Initial material information disclosure: November 3, 2025.
• 📝 Addendum to Public Announcement of Intention (PAI): November 4, 2025.
• 📰 Addendum published in newspapers: November 6, 2025.
• Shareholding for acquisition: 84.06%.
• 🔍 Acquisition subject to due diligence.
• 📝 Requires finalization of acquisition terms.
• ✅ Requires execution of appropriate agreements.
• 🏛️ Requires regulatory and corporate approvals.
• 🔒 KAPCO committed to disclosure obligations.
• 📡 KAPCO will keep Exchange and public informed.

🎯 Investment Thesis

Given the uncertainty surrounding the Attock Cement acquisition, a HOLD rating is appropriate. The acquisition could be value accretive if completed on favorable terms. Monitor regulatory approvals, due diligence outcomes, and final acquisition terms.