Categories National

CCP Approves DW Pakistan’s Acquisition of Heavy Electrical Complex Shares

ISLAMABAD – The Competition Commission of Pakistan (CCP) has approved the acquisition of shares in Heavy Electrical Complex (Private) Limited by DW Pakistan (Private) Limited. The transaction, which involves a share purchase agreement with IMS Engineering (Private) Limited, was cleared by the CCP on September 9th.

DW Pakistan, the acquiring company, is an investment firm that does not currently operate in the manufacturing, engineering, or energy sectors. Heavy Electrical Complex, the target company, specializes in the manufacturing and repair of power transformers, including large-capacity units essential for Pakistan’s power transmission and distribution systems. The selling company, IMS Engineering, provides engineering, procurement, and construction services.

After reviewing the deal, the CCP determined that the merger would not harm market competition. The Commission identified the relevant market as “power transformers” and concluded that the transaction is a “conglomerate merger,” meaning it involves firms in unrelated businesses. The CCP found that the acquisition would not eliminate any existing or potential competitors or create a dominant position for DW Pakistan in the power transformer market.

Author

Amna Anwar, Lidia, LLB, IIUI, Islamabad, Advocate Amna Anwar, Editor

The writer is an LLB student and contributes to Law Today. Can be contacted at amnaanwar@lawtoday.com.pk

More From Author

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

illegal online trading Pakistan, SECP warning, Equitrix Investment Management LLC scam, ahlexchange.com fraud, Arif Habib Limited fake association, online investment scam Pakistan, SECP licensed brokers, avoid trading fraud, Pakistan Stock Exchange, Pakistan Mercantile Exchange, investor alert Pakistan, fraudulent investment platforms, WhatsApp investment scam, social media trading fraud, verify investment platform

SECP Issues Public Warning Against Unauthorized Trading Platforms “Equitrix Investment Management LLC” and “ahlexchange.com”

ISLAMABAD -The Securities and Exchange Commission of Pakistan (SECP) has identified two illegal online trading…

Reko Diq project, Pakistan gold market, CCP report, gold sector reforms, $74 billion investment, gold imports Pakistan, informal gold trade, gold smuggling Pakistan, gold value chain, hallmarking Pakistan, gold traceability blockchain, Pakistan Gold & Gemstone Authority, gold market regulation Pakistan, CECL study, gold pricing opacity, gold refinement Pakistan, AML CFT compliance, Gold Banking System Pakistan, Reko Diq economic impact, Pakistan jewelry industry, gold sector modernization

Reko Diq’s $74bn Potential Underscored as CCP Warns Pakistan’s Gold Trade Remains 90% Informal and Prone to Illicit Flows

ISLAMABAD- Pakistan’s long-awaited Reko Diq copper-gold project could inject up to $74 billion into the…

Rawalpindi Police, viral assault video, three arrested, girl assaulted, hair forcibly cut, social media video, Naseerabad Police Station, Misrial Colony, Bahria Town, Rawalpindi incident, Islamabad Police clarification, victim statement, six weeks old, legal proceedings, Misrial Road flat, Pakistan crime news

Victim Traced, Suspects Held: Rawalpindi Police Act on Viral Assault Video

RAWALPINDI – Local police have taken three accused persons into custody after tracing the victim…