Regulator approves 59 M&A applications

Dawn | Jul 2, 2020 at 9:05 AM
  • The Competition Commission of Pakistan (CCP) processed and granted approval to 59 merger and acquisition (M&A) applications in the last fiscal year 2019-20 to facilitate local and foreign investors despite the limitations caused by Covid-19 pandemic.
  • Out of the total 59 M&A approvals, 51 were acquisitions, five were mergers and three were joint venture applications.
  • One of the enquiries pertained to the matter of alleged bid rigging in the tenders issued by power distribution companies for the procurement of line hardware material.