CCP Approves Proposed Acquisition of Shareholding in EPCL by LDPL

CCP approves proposed acquisition of shareholding in EPCL by LDPL

ISLAMABAD - The Competition Commission of Pakistan has approved the proposed acquisition of shareholding in Engro Polymers and Chemicals Limited by Liberty Daharki Power Limited from Mitsubishi Corporation, following a Phase-I review conducted under Section 11 of the Competition Act, 2010.

Mitsubishi pulls out of Pakistan’s EPCL investment

KARACHI – Mitsubishi Corporation decided to exit its long-standing investment in Engro Polymer and Chemicals Limited (EPCL), marking the end of a decades-long Japanese presence. The move comes after Competition Commission of Pakistan (CCP) gave the green signal to a major share acquisition deal, clearing the way for Mitsubishi’s complete divestment from EPCL. The decision has triggered attention in business circles, as it signals yet another hig…

Japanese Giant Mitsubishi Exits Pakistan! Sells Stake in Engro Polymer

The Competition Commission of Pakistan (CCP) has formally approved the acquisition of shares in Engro Polymers and Chemicals Limited by Liberty Daharki Power Limited, which were previously held by Mitsubishi Corporation. The approval was granted after a Phase I review conducted under the provisions of the Competition Act, 2010. The transaction, which also involves Seagreen Enterprises, was examined to determine whether it could raise any concern…

Mitsubishi Exits Pakistan After Selling Engro Polymer Stake

Pakistan’s corporate sector witnessed a notable development as Mitsubishi Corporation exited its investment in Engro Polymer and Chemicals Limited, following the approval of a share acquisition deal by the Competition Commission of Pakistan (CCP). The CCP cleared the transaction after a Phase I review under the Competition Act, 2010. The deal involves the acquisition of Mitsubishi Corporation’s shareholding in Engro […] The post Mitsubishi Exits…

Market Shocked As Japanese Giant Exits Pakistan After Selling Engro Polymer Stake

The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of shareholding in Engro Polymer and Chemicals Limited by Liberty Daharki Power Limited from Mitsubishi Corporation, following a Phase I review conducted under Section 11 of the Competition Act, 2010. The transaction involves the acquisition of shares in Engro Polymers and Chemicals Limited pursuant to a Share Purchase Agreement executed among Mitsubishi Corporati…