On January 30, 2026, Fauji Cement Company Limited (FCCL) and Kot Addu Power Company Limited (KAPCO) announced a significant acquisition move by signing a share purchase agreement to acquire a controlling 84.06% stake in Attock Cement Pakistan Limited (ACPL). According to ProPakistani, the agreement was made with Pharaon Investment Group Limited Holding S.A.L, the current stakeholder, and involves FCCL and KAPCO each acquiring 42.03% of ACPL's paid-up share capital. The transaction is subject to several conditions, including a public offer under applicable takeover regulations and approvals from regulatory bodies such as the Competition Commission of Pakistan. The acquisition aims to enhance business synergies and access export potential, although it may temporarily reduce other income due to cash outlay, as noted by Scribd. The current fair value of ACPL is estimated at PKR 290 per share, with the stock trading below the industry average valuation.