Ccp Approves Fauji Cement Acquisition Of Attock Cement

On February 26, 2026, the Competition Commission of Pakistan (CCP) approved the acquisition of Attock Cement Pakistan Limited by Fauji Cement Company Limited and Kot Addu Power Company Limited. This decision followed a Phase-I competition assessment under the Competition Act, 2010, which indicated that the merger would not create a dominant market position. The CCP noted, "the post-transaction market share would remain below the statutory dominance threshold," ensuring that competition in the cement sector remains intact. The acquisition, which involves a controlling interest being acquired from Lebanon's Pharaon Investment Group Limited, reflects ongoing investment activity in Pakistan's cement industry, a crucial sector for infrastructure development and economic growth. The transaction is expected to enhance operational efficiencies without adversely affecting market competition, as emphasized by the CCP's conclusion that the merger is unlikely to materially reduce competition in the market.