Archive · Business Recorder
Cherat Cement agrees to acquire majority stake in Nimir Industrial Chemicals for Rs24 billion
Cherat Cement has signed agreements to acquire a majority stake in Nimir Industrial Chemicals Limited (NICL) for over Rs24 billion, i.e. approx. $86.6 million. The company disclosed the development in a filing submitted to the Pakistan Stock Exchange (PSX) on Monday. The company entered into two share purchase agreements on October 30, 2026, with NICL shareholders to acquire a total of 70.86 million ordinary shares. Under the first agreement, the company will acquire 56.40 million shares, representing a 51% stake, from NICL’s majority shareholders. A second agreement covers the purchase of 14....
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →