ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of 50% shares in Total Parco Pakistan Limited (TPPL) by Aquashore SA, a subsidiary of Switzerland’s Gunvor Group. The shares will be transferred from TotalEnergies Marketing Services under a recently finalized Sale and Purchase Agreement.
A Milestone in Petroleum Transactions
This acquisition is among several high-profile deals recently approved in Pakistan’s petroleum sector. Earlier this year, Saudi Aramco acquired a 40% stake in GO Petroleum, while Wafi Energy Holding Limited took over 77.42% of Shell Pakistan Limited. These transactions highlight the rising interest of global energy players in Pakistan’s growing energy market.
Gunvor Group is a global leader in commodities trading and logistics. Its subsidiary, Aquashore SA, aims to utilize this expertise to enhance operational efficiencies, safety standards, and supply-chain reliability in Pakistan. By aligning global energy supply with local demand, Gunvor seeks to contribute to Pakistan’s energy resilience and market competitiveness.
Total Parco’s Strong Market Presence
TPPL operates an extensive network of retail fuel stations across Pakistan. It also offers a wide range of automotive and industrial lubricants. The CCP identified three key product markets for this transaction: retail fuel, automotive lubricants, and industrial lubricants.
This acquisition reflects a positive trend for foreign investment in Pakistan’s energy and automotive sectors. It strengthens Gunvor’s global business footprint and underscores Pakistan’s growing appeal as an energy investment hub.
What the Acquisition Means for Pakistan
The deal is expected to improve service quality, ensure supply-chain reliability, and foster a more competitive market. With Aquashore SA’s operational expansion, Pakistan’s energy sector stands to gain from enhanced infrastructure and expertise.
The transaction also signifies a robust future for Pakistan’s fuel and lubricants market. It promises improved products and services for consumers and increased economic activity in related industries.
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