On completion of deal, Fauji Cement, Kot Addu Energy will purchase controlling curiosity
ISLAMABAD:
The Competitors Fee of Pakistan (CCP) has authorized the proposed acquisition of Attock Cement by Fauji Cement Firm and Kot Addu Energy Firm, following a phase-I competitors evaluation carried out beneath the Competitors Act, 2010.
On February 3, 2026, Fauji Cement and Kot Addu Energy filed a pre-merger utility for the acquisition of controlling curiosity in Attock Cement from Pharaon Funding Group Restricted. The proposed acquisition is pursuant to the Scheme of Compromises, Association, and Reconstruction settlement dated January 30, 2026. Upon completion of transaction, Fauji Cement and Kot Addu Energy will purchase management of Attock Cement.
Fauji Cement, a subsidiary of Fauji Basis, is a publicly listed firm engaged within the manufacture and sale of cement and associated merchandise. Kot Addu Energy is a publicly listed vitality firm engaged in energy era. Attock Cement is a publicly listed cement producer. The vendor, Pharaon Funding Group, is a world funding holding firm based mostly in Lebanon. CCP’s evaluation famous that whereas there was a horizontal overlap between Fauji Cement and Attock Cement, the post-transaction market share would stay under the statutory dominance threshold, and the cement sector in Pakistan continues to have a number of established rivals.
CCP concluded that the proposed transaction was neither more likely to create or strengthen a dominant place nor considerably reduce competitors or adversely have an effect on the aggressive construction of the market. Accordingly, the transaction has been authorised in accordance with the provisions of the Competitors Act, 2010. The authorisation is proscribed to CCP’s evaluation of the transaction beneath Part 11 of the Competitors Act and doesn’t have an effect on any ongoing enquiries, proceedings or issues pending earlier than the fee, the Competitors Appellate Tribunal or some other competent discussion board.
