The Competition Commission of Pakistan (CCP) has approved the acquisition of certain assets of Merit Packaging Limited by Kompass Pakistan (Private) Limited.
The transaction entails the transfer of a business segment of Merit Packaging Limited, a listed company engaged in packaging and printing services, to Kompass Pakistan, a private limited company primarily engaged in the manufacture of flexible packaging materials for the Fast-Moving Consumer Goods (FMCG) sector, according to a press release.
Following the completion of the transaction, all assets and liabilities pertaining to the transferred business segment will be assumed by Kompass Pakistan.
CCP approves Nippon Express stake acquisition in TCS Logistics
In its review, the CCP identified the relevant market as “Flexible Packaging” within Pakistan.
The Commission determined that the transaction results in only a marginal increase in market share for the acquirer and does not substantially lessen competition.
The merger neither creates nor strengthens a dominant position in the relevant market, nor does it pose significant entry barriers.
Accordingly, the CCP has approved the transaction under Section 31(1)(d)(i) of the Competition Act, 2010.
Comments
Comments are closed for this article.