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The Competition Commission of Pakistan (CCP) has imposed fines of Rs. 75 million each on Unilever Pakistan and Friesland Campina Engro. The companies faced penalties for falsely marketing their frozen desserts as “ice cream.” The CCP acted after receiving a complaint from the manufacturer of Hico. The complaint alleged deceptive advertising by Omore and Walls. …
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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 …
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The Competition Commission of Pakistan (CCP) has given its approval for the acquisition of an 8.33% shareholding in M/s. National Investment Trust Limited (NITL) by two Pakistani residents, marking a significant shift in the ownership structure of the country’s oldest and most prestigious investment management company. This transaction will result in M/s. Adamjee Foundation ceasing …
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The Competition Commission of Pakistan (CCP) has issued show cause notices due to nexus and violation of Competition Act 2010. The notices are served to 80 Sugar Mills in the country as the sugar prices are on the rise. According to the sources, the Competition Commission of Pakistan (CCP), upon the request of Sugar Mills, …
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