Islamabad, October 02, 2014 (PPI-OT): The Competition Commission of Pakistan (CCP) today issued a no objection certificate to Tractebel Engineering SA for the proposed acquisition of entire share capital of Mellifera Erste Beteiligungsgesellschaft mbH by it. The transaction was notified under the Competition Act 2010 by the law firm of Chima and Ibrahim.
The CCP carried out a detailed and intensive Phase I review, which included obtaining market shares of the merger parties and their competitors in Pakistan. After comprehensive review, the Commission approved the acquisition as it would not result in substantial lessening of competition by creating or strengthening a dominant position in the engineering consultancy services market in Pakistan.
For more information, contact:
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