Fauji Cement, KAPCO Receive CCP Approval to Acquire Attock Cement
The Competition Commission of Pakistan has approved the proposed acquisition of Attock Cement Pakistan Limited by Fauji Cement Company Limited and Kot Addu Power Company Limited following a Phase-I review under the Competition Act, 2010.
The approval clears a major corporate transaction in Pakistan’s cement sector. Regulators determined that the acquisition does not substantially lessen competition or create a dominant market position.
On February 3, 2026, Fauji Cement and Kot Addu Power submitted a pre-merger application seeking to acquire a controlling stake in Attock Cement. The transaction involves purchasing shares from Pharaon Investment Group Limited.
The proposed acquisition is structured under a Scheme of Compromises, Arrangement, and Reconstruction Agreement dated January 30, 2026. Upon completion of the deal, Fauji Cement and KAPCO will jointly assume control of Attock Cement Pakistan.
Industry analysts view the development as a strategic consolidation move. The cement sector has witnessed increased merger and acquisition activity in recent years, driven by expansion plans and market optimization strategies.
Fauji Cement is among the key players in Pakistan’s construction materials industry, while KAPCO operates in the power generation segment. Their joint acquisition of Attock Cement signals cross-sector collaboration aimed at strengthening industrial portfolios.
The Competition Commission conducted a Phase-I review to assess potential market impacts, including pricing power and supply chain dynamics. After evaluation, the regulator concluded that the transaction complies with competition laws.
Completion of the acquisition will depend on fulfilling regulatory and procedural requirements outlined in the agreement. Once finalized, the transaction is expected to reshape ownership dynamics within the cement industry.
The approval marks a significant milestone for the parties involved and reflects ongoing corporate restructuring within Pakistan’s industrial landscape.
