Lucky Cement plans overseas acquisition

Lucky Cement plans overseas acquisition
Published: 09 May 2011

Pakistan producer, Lucky Cement, is planning to acquire a plant abroad and is also weighing potential options for organic growth (given the amount of free cash flows available).

One of the preferred destinations could be Sri Lanka. This was disclosed by the management of Lucky Cement in the analysts briefing sponsored by Arif Habib Limited (AHL).

Lucky is also attractive given the fact that it is one of the premier dividend payers in the cement industry. The signing of an agreement with HESCO has allowed Lucky to supply 20MW of electricity (could be improved to 49MW).