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...
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....