Islamabad, Dec 27: The Competition Commission of Pakistan (CCP) has granted approval for the acquisition of 100 percent shareholding of Gallant Energy (Private) Limited by Gul Ahmed Holdings (Private) Limited, in accordance with a Share Purchase Agreement.
Gul Ahmed Holdings, a private company with a diverse investment portfolio, has moved to acquire Gallant Energy, which specializes in the filling and distribution of liquefied petroleum gas (LPG), a crucial energy source for both households and industries in Pakistan.
The CCP has identified the relevant market for this transaction as the ‘Liquefied Petroleum Gas (LPG)’ sector. Currently, Gallant Energy holds less than 1 percent of the market share in this sector. The acquisition is expected to result in a minor increase in the market share of Gul Ahmed Holdings.
Following its assessment, the CCP concluded that the transaction would not result in the creation or strengthening of a dominant position in the LPG market. The approval, granted under Section 31(1)(d)(i) of the Competition Act, 2010, reflects the CCP’s ongoing commitment to maintaining fair competition and enhancing market efficiency within Pakistan’s LPG industry.The CCP will continue to monitor the LPG market to ensure that competition remains healthy, benefiting both consumers and businesses across the sector.
