Latest news with #CCCL
Business Recorder
a day ago
- Business
- Business Recorder
Race intensifies: Cherat Cement, Shirazi Investments move to acquire majority stake in ACPL
The race for the acquisition of Attock Cement Pakistan Limited (ACPL) has intensified after Cherat Cement (CCCL) and Shirazi Investments announced their intention to jointly acquire a majority stake of 84.06% in the company. Cherat Cement disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Wednesday. According to the notice, the two acquirers intend to purchase at least 115.5 million shares, split equally, and assume joint control of ACPL. Cherat Cement Company Limited (CCCL) is a prominent player in Pakistan's cement industry. With a state-of-the-art production infrastructure and an installed capacity of 4.5 million tons per annum, primarily serving the northern region of Pakistan, CCCL also plays an active role in regional trade, exporting cement to Afghanistan, thereby contributing to the country's export economy. Meanwhile, Shirazi Investments (Private) Limited operates as the investment arm of Atlas Group, a diversified conglomerate with investments in engineering, power, finance, and trading businesses, renowned for its strategic investments and strong governance. Fauji Foundation, KAPCO eye majority stake in ACPL The development comes as Pharaon Investment Group Ltd. (PIGL), a Lebanon-based company and majority shareholder of ACPL, announced that it is exploring a strategic sale of its 84.06% stake in the company. The potential sale has attracted initial interest from several major players in the cement and energy sectors, including Cherat Cement, Bestway Group, KAPCO and Fauji Cement. Earlier, Pharaon Investment Group informed its stakeholders that certain prospective investors had expressed interest in acquiring its shareholding in ACPL and also indicated their intention to submit binding offers. PIGL shared that Standard Chartered Bank has been appointed as a financial advisor for the divestment process. Attock Cement Pakistan Ltd was incorporated in Pakistan on October 14, 1981, as a public limited company. The company is a subsidiary of Pharaon Investment Group Limited Holding S.A.L, Lebanon. Its main business activity is the manufacturing and sale of cement.
Business Recorder
08-05-2025
- Business
- Business Recorder
Cherat Cement, Shirazi Investments plan to acquire majority stake in Rafhan Maize
Cherat Cement Company Limited (CCCL) and Shirazi Investments (Private) Limited have expressed their intention to acquire up to 75.69% stake in Rafhan Maize Products Company Limited (RMPL), one of Pakistan's largest agro-based companies. Topline Securities, appointed Manager to the Offer, disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Thursday. 'We, Topline Securities Limited, have been appointed as Manager to the Offer by Cherat Cement Company Limited and Shirazi Investments (Private) Limited, in accordance with the Securities Act 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. 'On behalf of the acquirers, we would like to submit the Public Announcement of Intention to acquire up to 75.69% shares of Rafhan Maize Products Company Limited, subject to receipt of regulatory and other approvals, if any,' read the notice. The development comes days after it was learnt that Ingredion Incorporated, a US-based food and beverage ingredient provider, is evaluating offers to sell its stake in RMPL. Giving a brief description of the intended acquisition, the notice stated that under the Share Purchase Agreement (SPA), Cherat Cement and Shirazi Investments each plan to directly acquire up to 3,495,526 shares, which is up to 37.845% of Rafhan Maize's paid-up capital each. Combined, they aim to acquire up to 6,991,052 shares or 75.69% of the company. However, the number of shares they might offer to buy from the public is 'not determinable at this stage' and will be determined after the SPA is signed. Cherat Cement Company Limited is publicly listed on the Pakistan Stock Exchange and is engaged in cement manufacturing. 'With a state-of-the-art production infrastructure and an installed capacity of 4.5 million tons per annum, it primarily serves the northern region of Pakistan. CCCL also plays an active role in regional trade, exporting cement to Afghanistan,' read the notice. Meanwhile, Shirazi Investments (Private) Limited operates as the investment arm of Atlas Group, a diversified conglomerate with investments in engineering, power, finance, and trading businesses, renowned for its strategic investments and strong governance.
Yahoo
01-05-2025
- Health
- Yahoo
Free Narcan now available at three East Bay libraries
(KRON) — Naloxone, an opioid antagonist drug used to reverse fentanyl overdoses, is now available in some East Bay libraries. The drug, which is better known under the brand name, Narcan, is available for free at three Contra Costa County Library (CCCL) locations. Narcan, which is used to quickly reverse opioid overdoses, can be found in self-service stands in the public areas of the Antioch, Pleasant Hill, and San Pablo libraries. Free doses of the drug are available during library open hours. No registration, identification, or proof of insurance is required, according to library officials. 'Luigi the Musical,' about accused UnitedHealthcare CEO killer, to debut in SF Opioid overdose-related deaths, according to CCCL, have steadily climbed in the past decade, despite rates dipping in 2024. In recent years, many of the overdoses in Contra Costa County — and across the Bay Area — have involved fentanyl. In Contra Costa County specifically, drug overdoses were the leading cause of death for adults aged 25-54 between 2020 and 2022. 'Saving lives from overdose is our collective responsibility,' said District 1 Supervisor John M. Gioia. 'Human life is sacred, and second chances are miracles. Providing naloxone in public spaces like libraries is a vital step toward health equity and dismantling barriers to care.' 'Having naloxone freely available in our libraries puts a powerful, life-saving tool into the hands of the public,' said District IV Supervisor Ken Carlson. 'This initiative helps ensure that anyone, at any moment, can step in and save a life, making our communities safer for everyone.' 'This program is about compassion and action. By making naloxone free and easy to access, we're empowering everyday people to help those in crisis and offering hope at a moment when it's needed most,' said District V Supervisor Shanelle Scales-Preston. The naloxone is available at the libraries through a partnership between Bay Area Community Resources and the CCCL. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
LBCI
15-02-2025
- Health
- LBCI
Lebanon's First Lady tours pediatric cancer treatment centers: Every child with cancer has the right to receive care
Lebanon's First Lady Neemat Aoun emphasized that while the road to recovery from childhood cancer can be challenging, determination and perseverance can make the impossible possible. She underscored the importance of supporting medical centers, initiatives, and efforts that provide children with the necessary treatment and care, stressing that every child battling cancer is a symbol of resilience and hope, with dreams that deserve to be fulfilled. Her remarks came during a tour of three specialized pediatric cancer treatment centers in Lebanon, marking International Childhood Cancer Day, observed annually on February 15. During her visits, she met with medical teams, young patients, and their families, gaining firsthand insight into their health conditions and the difficulties these centers face in securing medication and advanced treatments. The First Lady began her tour at the Children's Cancer Center at Al-Zahraa Hospital, followed by a visit to the Children's Cancer Center of Lebanon (CCCL), and concluded at the pediatric oncology department at Saint George Hospital University Medical Center. She was welcomed by the hospital's director, alongside medical staff and nurses, who expressed their appreciation for her visit and support.
