Lucky Cement Limited has announced its participation in a consortium with Hub Power Holdings Limited, Kohat Cement Company Limited, and Metro Ventures (Private) Limited to pursue the acquisition of a significant equity stake in Gujranwala Electric Power Company Limited (GEPCO).
- The consortium has submitted an Expression of Interest and Statement of Qualification for acquiring a 51% to 100% equity stake in GEPCO.
- The acquisition is part of a privatization process initiated by the Government of Pakistan.
- The consortium has been pre-qualified by the Privatisation Commission to conduct due diligence on GEPCO.
- No binding commitments have been made yet; the consortium will evaluate the opportunity after completing due diligence and obtaining necessary approvals.
- The transaction's viability will be assessed before any formal commitment is made.