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.
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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.
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