Maple Leaf Cement Manufacturing facility Restricted (MLCF) has taken management of Pioneer Cement Restricted (PIOC), elevating its collective stake to 88.28% and formally making PIOC a subsidiary, the corporate stated in a discover to the Pakistan Inventory Alternate on Monday.
The acquisition follows MLCF’s public supply and extra share purchases. Below a Share Buy Settlement dated December 17, 2025, MLCF acquired 131.8 million unusual shares, representing 58.03% of PIOC’s shareholding, whereas the corporate and its group associates already held 42.08 million shares, or 18.53%.
The mixed stake now exceeds 88% of unusual shares, giving MLCF full management of Pioneer Cement.
The deal values the acquisition at roughly $270.5 million and positions the Kohinoor Maple Leaf Group as a serious participant in Pakistan’s cement sector. Upon completion, the mixed market share of MLCF and PIOC is projected at about 15.5%, making the group the nation’s third-largest cement producer.
MLCF operates Pakistan’s largest single-site cement facility, with 4 grey-cement traces and one white-cement line, boasting a complete clinker capability of seven.8 million tons per 12 months. Pioneer Cement, established in 1986, operates three manufacturing traces in Punjab the place it manufactures and sells cement.