Might 30, 2025 (MLN): Pharaon Funding Group Ltd., a Lebanon-based firm exploring a strategic sale of its stake in Attock Cement Pakistan Ltd (PSX: ACPL), has attracted preliminary curiosity from a number of main gamers within the cement and vitality sectors, together with Cherat Cement and Bestway Group.

In accordance with the report, Pakistani cement giants, together with Cherat and Bestway, are amongst suitors contemplating bids for the stake, as Bloomberg reported.

In the meantime, Kot Addu Energy Co. from the vitality sector has additionally been evaluating ACPL “and should discover a joint supply with an area constructing supplies producer like Fauji Cement.”

Earlier, Pharaon Funding Group knowledgeable its stakeholders that sure potential traders had expressed curiosity in buying its shareholding in ACPL and in addition indicated their intention to submit binding gives.

PIGL shared that Commonplace Chartered Financial institution has been appointed as a monetary advisor for the divestment course of.

Final yr, it was reported that Pharaon Funding was exploring strategic choices, together with a possible sale, in relation to its funding within the cement enterprise in Pakistan.

Attock Cement Pakistan Ltd was integrated in Pakistan on October 14, 1981, as a public restricted firm.

The corporate is a subsidiary of Pharaon Funding Group Restricted Holding S.A.L, Lebanon.

Its primary enterprise exercise is the manufacturing and sale of cement.

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Posted on: 2025-05-30T16:36:47+05:00

The submit Cherat, Bestway eye stake in Attock Cement amid Pharaon’s exit plans appeared first on Mettis International Hyperlink.

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