MTC Represents Cherat Cement Company Limited In The Acquisition Of Nimir Industrial Chemicals Limited

Mohsin Tayebaly & Co. is acting as buy-side legal counsel to Cherat Cement Company Limited in connection with its proposed acquisition of a 64.07% (sixty-four point zero seven percent) shareholding in Nimir Industrial Chemicals Limited, for an aggregate consideration of approximately PKR 24,090,000,000/- (Pak Rupees Twenty-Four Billion and Ninety Million only).

This transaction represents a significant strategic investment for Cherat Cement Company Limited, providing an opportunity to diversify its investment portfolio and expand its presence beyond the cement sector. The acquisition is expected to create potential commercial and operational synergies, support long-term growth and strengthen the company’s overall business prospects.

The Firm’s scope of work as buy-side legal counsel included, among other things: (i) advising on the structuring of the transaction; (ii) drafting, reviewing and negotiating the transaction documents; (iii) advising Cherat Cement Company Limited on all requisite corporate, regulatory and other approvals; and (iv) providing transaction-specific advice in relation to structuring, legal and regulatory compliance requirements before the relevant authorities.

The Share Purchase Agreements and Shareholders Agreement in respect of the transaction were signed on October 30, 2026 and completion of this transaction is subject to obtaining the requisite approvals, and the satisfaction of other conditions.

MTC’s team advising on the transaction is led by Vaseeq Khalid (Partner) and includes Sanaa Jaleel Ahmed (Managing Associate) and Sabrina Aziz (Associate).