# 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.

- Type: Acquisition
- Announced: 2026-11-03
- Where: Pakistan
- Value: $86.6M (24.1B PKR)
- Status: announced
- Products: industrial chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Cherat Cement](https://endata.com/companies/15319.md) (acquirer)
- [Nimir Industrial Chemicals](https://endata.com/companies/15320.md) (target)
- [Nimir](https://endata.com/companies/15682.md) (target)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/182392/cherat-cement-agrees-pkr24bn-nimir-acquisition.html), 2026-11-03: "The acquisition represents a substantial diversification beyond Cherat’s cement operations into industrial chemicals."
- [cemnet.com](https://www.cemnet.com/news/corporate), 2026-11-04: "Cherat Cement has signed two share-purchase agreements to acquire a 64.07 per cent..."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.