US EditionRace intensifies: Cherat Cement, Shirazi Investments move to acquire majority stake in ACPL
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Race intensifies: Cherat Cement, Shirazi Investments move to acquire majority stake in ACPL
The race for the acquisition of Attock Cement Pakistan Limited (ACPL) has intensified after Cherat Cement (CCCL) and Shirazi Investments announced their intention to jointly acquire a majority stake of 84.06% in the company. Cherat Cement disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Wednesday. According to the notice, the two acquirers intend to purchase at least 115.5 million shares, split equally, and assume jo…
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