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 › Miscellaneous › Competition Commission of Pakistan clears acquisition of shares of Masood textile mills limited by Shanghai Challenge Textile Company Limited

Competition Commission of Pakistan clears acquisition of shares of Masood textile mills limited by Shanghai Challenge Textile Company Limited

Web Desk November 27, 2014     No Comment     Miscellaneous

Islamabad, November 27, 2014 (PPI-OT): The Competition Commission of Pakistan (CCP) today issued its no objection certificate for the transaction pertaining to acquisition of shares of Masood Textile Mills Limited by Shanghai Challenge Textile Company Limited. The transaction was notified under the Competition Act 2010 on 28 October 2014.

The CCP carried out a detailed and intensive Phase I review, after which it approved the acquisition as it would not result in substantial lessening of competition by creating or strengthening a dominant position in the spinning mills market in Pakistan.

For more information, contact:
Asfandyar Khattak
Director (Media and Communications)
Competition Commission of Pakistan (CCP)
7th Floor South, ISE Towers,
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92-51-9100260-3, +92-51-9100256
Fax: +92-51-9100251
Email: akhattak@cc.gov.pk
Website: www.cc.gov.pk

The post Competition Commission of Pakistan clears acquisition of shares of Masood textile mills limited by Shanghai Challenge Textile Company Limited appeared first on AsiaNet-Pakistan.

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