Saturday, June 28, 2025
-Advertisement-

CCP Approves Merger of Junaid Jamshed and U&I Garments

- Advertisement -

The Competition Commission of Pakistan (CCP) has approved the proposed merger of Junaid Jamshed (Private) Limited (JJPL) with and into U&I Garments (Private) Limited (U&I).

The merger application was jointly submitted by U&I and JJPL, seeking CCP’s authorization for the acquisition of the entire business of JJPL by U&I through a share swap arrangement. Following the completion of the transaction, JJPL will cease to exist as a separate legal entity, and its operations, assets, and liabilities will be fully integrated into U&I.

- Advertisement -

CCP conducted a Phase-I competition assessment to evaluate whether the proposed merger would result in the creation or strengthening of a dominant position in the relevant markets, which include ready-made apparel, footwear, accessories, fragrances, and cosmetics.

CCP noted that the transaction is primarily an intra-group consolidation, as U&I already holds a 25% stake in JJPL. The Commission determined that the transaction would not substantially lessen competition in any relevant market due to limited horizontal overlaps, low entry barriers, and the presence of numerous market competitors. Accordingly, CCP authorized the merger under Section 31(1)(d)(i) of the Competition Act, 2010.

- Advertisement -

Stay updated with the latest and breaking news directly on your mobile phone by joining Headline PK's WhatsApp group!

 

 

Latest stories

-Advertisement-

Highlights of the Week
Related

PM Shehbaz Convenes Emergency Security Meeting Amid Middle East Crisis

Prime Minister Shehbaz Sharif has called an emergency session...

Crypto Currency… Informal to Formal?

The establishment of the Crypto Council has been implemented...

Over 7 million streaming accounts’ credentials were leaked in 2024: Kaspersky Report

In a new report, Kaspersky identified over 7 million...
-Advertisement-
Join our Whatsapp Group for Exclusive News!
Join our Whatsapp Group for Exclusive News!