Oct 27, 2026, 12:40 PM
Lucky Cement consortium shortlisted for due diligence on proposed IESCO privatization
Material DisclosureLucky Cement, alongside Hub Power Holdings, Kohat Cement and Metro Ventures, formed a consortium that submitted an expression of interest and statement of qualification for a proposed acquisition of 51% to 100% of IESCO’s equity stake, with management control. The consortium has been pre-qualified to conduct due diligence. No binding commitment has been made, and any acquisition remains subject to due diligence, approvals, commercial viability and a competitive bidding process.
Key Findings
- The consortium comprises Lucky Cement Limited, Hub Power Holdings Limited, Kohat Cement Company Limited and Metro Ventures (Private) Limited.
- The proposed acquisition covers 51% to 100% equity in Islamabad Electric Supply Company (IESCO), along with management control.
- The consortium and other interested parties have been pre-qualified by the Privatisation Commission to conduct financial, technical and legal due diligence.
- IESCO’s equity stake will ultimately be offered through a competitive bidding process.
- Lucky Cement and the consortium have made no binding commitment; any commitment would follow satisfactory due diligence, required approvals and a determination of commercial viability.
Disclosure Details
Entities Involved
Lucky Cement Limited, Hub Power Holdings Limited, Kohat Cement Company Limited, Metro Ventures (Private) Limited, Islamabad Electric Supply Company (IESCO), Privatisation Commission
Amount
Proposed acquisition of 51% to 100% equity stake in IESCO, with management control; no transaction value disclosed.
Approvals Required
Applicable corporate approvals, Applicable regulatory approvals
Impact
The consortium has qualified to undertake due diligence and evaluate the potential acquisition opportunity; no acquisition is committed or completed.
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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.