KARACHI - Attock Cement Pakistan has showed its expression of interest in acquiring 74 per cent stakes of Al Abbas Cement Industries Limited. The proposed acquisition deal is subject to completion of legal, technical and financial due diligence and to obtain necessary approval from the Companys Board of Directors to proceed with the said transaction. According to the material information dispatched to KSE on Tuesday, Attock Cement said that it was signed Memorandum of Understanding (MoU) between Al Abbas Cement Limited the other day to purchase the majority shareholdings of AACIL. KSE was further notified that any decision related to purchase or not purchase and other formalities, terms and conditions will be finalized after the conclusion of the required due diligence and ACPs shareholders consent.