ISLAMABAD (PEN) : Strategic investors IFU Investment Partners K/S (IIP) and The Investment Fund for Developing Countries (IFU) have decided to sell their combined 6.1% stake in Power Cement Limited, as announced in a notice to the Pakistan Stock Exchange (PSX) on Tuesday.
Together, they own 80,506,670 shares of the company, with each holding half of that amount. With this sale, the non-executive director representing both IFU and IIP will step down once the transaction is completed.
This move follows the end of their lock-up period and the completion of IFU’s typical seven-year investment cycle, as well as the conclusion of IIP’s fund life. After nearly seven years of partnership, this sale marks the end of their strategic investment in Power Cement.
As they exit, Power Cement will navigate this transition and continue its journey in the cement industry, reflecting on a significant chapter of collaborative growth and investment.
