Fauji and KAPCO have submitted a binding offer to acquire the entire 84.06% share of Libanon’s Pharaon Investment Group in Attock Cement Pakistan Limited (ACPL). We reported here that Pharaon Investment, is actively engaged in the process of divesting its shareholding in ACPL. ACPL, also known as Falcon Cement, has its main location in Hub, Balochistan (photo), operating four production lines with a combined capacity of 4.3 Mta. The offer remains subject to acceptance by ACPL, execution of a share purchase agreement, regulatory approvals and other conditions.