CCP Clears Attock Cement Acquisition Deal as Fauji Cement and Kot Addu Power secure approval to acquire a controlling stake in Attock Cement, marking a major development in Pakistan’s cement sector consolidation.
Islamabad, Pakistan – February 26, 2026 — Pakistan’s Competition Commission (CCP) has formally approved the proposed acquisition of Attock Cement Pakistan Limited by Fauji Cement Company Limited and Kot Addu Power Company Limited after the transaction cleared Phase I review conducted under the Competition Act, 2010.
In a statement issued Thursday, the CCP said it received a pre-merger application on February 3, 2026 from Fauji Cement and Kot Addu Power seeking permission to acquire a controlling interest in Attock Cement from the Lebanon-based Pharaon Investment Group Limited under a Scheme of Compromises, Arrangement, and Reconstruction Agreement dated January 30, 2026.
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Upon completion of the transaction, the two acquiring companies will jointly assume control of Attock Cement, a publicly listed manufacturer of cement and related products. Fauji Cement, a subsidiary of Fauji Foundation and one of Pakistan’s leading cement producers, and Kot Addu Power, a mainstay in the country’s power generation sector, will significantly expand their combined footprint in the domestic cement industry.
The CCP’s competitive assessment noted a horizontal overlap in the cement market between Fauji Cement and Attock Cement but found that the combined market share post-transaction will remain below the statutory dominance threshold and is unlikely to substantially lessen competition, given the presence of several established players in Pakistan’s cement sector.
The regulatory authorization comes amid broader consolidation activity in Pakistan’s building materials industry as companies seek strategic scale and operational synergies.
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