Cherat Cement signs agreements to acquire 64.07% of Nimir Industrial Chemicals
M&A / Public OfferCherat Cement Company Limited entered into share purchase agreements on October 30, 2026 to acquire 64.07% of Nimir Industrial Chemicals Limited for PKR 340 per share. Completion is subject to regulatory and other approvals and satisfaction of conditions precedent. A public offer will be made as required under applicable regulations.
Key Findings
- The agreements cover 70,858,178 ordinary shares, representing 64.07% of Nimir Industrial Chemicals Limited’s issued share capital.
- The agreed purchase price is PKR 340 per share.
- Completion remains subject to regulatory and other approvals and satisfaction of conditions precedent.
- A public offer will be made through the Manager to the Offer, KTrade Securities Limited, under the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.
Disclosure Details
Entities Involved
Cherat Cement Company Limited, Nimir Industrial Chemicals Limited, KTrade Securities Limited
Amount
PKR 340 per share; 70,858,178 shares
Approvals Required
Regulatory and other approvals, Satisfaction of conditions precedent
Impact
Proposed acquisition of a 64.07% controlling stake in Nimir Industrial Chemicals Limited.
Risks
Completion is conditional on required approvals and satisfaction of conditions precedent.
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.
