CCP allows acquisition of Ranipur Sugar Mills by Saakh Pharma, United Ethanol
- CCP says the merger is a conglomerate transaction with no significant overlap in businesses
The Competition Commission of Pakistan (CCP) has approved Saakh Pharma Limited and United Ethanol Industries Limited’s acquisition of a majority stake in Ranipur Sugar Mills under its Phase-I review.
Ranipur Sugar Mills produces sugar and related by-products, including power generation. Saakh Pharma specializes in pharmaceuticals, while United Ethanol is involved in ethanol and industrial products.
The CCP noted the transaction occurred before obtaining pre-merger approval, a mandatory requirement. The acquirers have submitted an undertaking to ensure future compliance.
The commission assessed the merger as a conglomerate transaction with no significant overlap in the businesses.
It found no evidence of competitive concerns or supply dependencies arising from the acquisition.
The CCP concluded that the deal would not harm market competition or consumer welfare and authorized the transaction.
The merger is part of a broader trend of consolidation within Pakistan’s sugar and allied industries, particularly in value-added sectors like ethanol and bio-based products, which could improve operational efficiencies and resource optimization.
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