Islamabad, Mar 27, 2025: The Competition Commission of Pakistan (CCP) has officially approved the merger of Olympia Synthetics Limited (OSL) with Olympia Industries (Private) Limited (OIL) under Section 11 of the Competition Act, 2010.
This merger involves the consolidation of OSL, a public unlisted firm specializing in bulk filament yarn and recycled polyester fiber production, into OIL.
A private company known for manufacturing synthetic carpets, polyester felt, synthetic yarn, and knitted fabric. The deal will be executed through a share swap arrangement between the two entities.
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Competition Assessment and Approval
The CCP conducted an in-depth evaluation of the merger’s potential impact on the bulk filament yarn and recycled polyester fiber markets across Pakistan.
This existing relationship ensured that the transaction would not create or strengthen a dominant market position.
Based on these findings, the CCP cleared the merger under Section 31(1)(d)(i) of the Competition Act, 2010, confirming that it would not hinder market competition.
Regulatory Compliance
While the CCP has sanctioned the merger from a competition perspective, it emphasized that other legal and regulatory aspects of the transaction remain subject to oversight by relevant authorities.
The Commission also reaffirmed its commitment to ensuring fair competition in Pakistan’s corporate landscape.
This approval marks another significant development in Pakistan’s synthetic fiber and textile industry, streamlining operations between the two affiliated companies while maintaining a competitive balance in the market.
