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Nov 3, 2026ACQUISITIONPakistan

Cherat Cement acquires 64.07% stake in Nimir Industrial Chemicals for $86.6M

Pakistan's Cherat Cement signed two share-purchase agreements to acquire a 64.07% controlling interest in Nimir Industrial Chemicals Ltd for approximately PKR 24.09 billion ($86.6 million). The acquisition diversifies Cherat's operations into industrial chemicals.

Value

$86.6M (24.1B PKR)

Status

Announced

Productsindustrial chemicals

CompaniesCherat Cement acquirer Nimir Industrial Chemicals target Nimir target

Sectors#Specialty Chemicals

“The acquisition represents a substantial diversification beyond Cherat’s cement operations into industrial chemicals.”cemnet.com

2 sources
cemnet.comCherat Cement agrees PKR24bn Nimir acquisition | CemNetNov 3, 2026
cemnet.comCement Company and Corporate News | CemNetNov 4, 2026

Summarized from public sources; check the original articles before acting on it.

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