Attock Cement Pakistan Is Said to Draw Cherat, Bestway Interest

Attock Cement Pakistan Is Said to Draw Cherat, Bestway Interest

Pharaon Investment Group Ltd.’s potential sale of Attock Cement Pakistan Ltd. is attracting initial interest from rivals including Cherat Cement Co. and Bestway Group, people with knowledge of the matter said.

Attock Cement attracts investor interest

May 29, 2025 (MLN): Attock Cement Pakistan Limited (PSX: ACPL) has revealed that several potential investors have expressed interest and plan to submit binding offers following due diligence. The company confirmed that PIGL remains committed to divesting its stake, provided it receives a commercially acceptable offer. To support the divestment process, Standard Chartered Bank has been appointed as PIGL’s financial advisor. In its progress report…

Attock Cement’s Lebanese owner says investors showing interest in stake

Pharaon Investment Group Limited (Holding) S.A.L, Lebanon, the parent company of Attock Cement Pakistan Limited (ACPL) announced on Thursday that certain prospective investors had expressed interest in acquiring its shareholding and also indicated their intention to submit binding offers. Last year, the group said it was exploring strategic options, including a potential sale, in relation to its investment in the cement business in Pakistan. “We…