CCP Grants Approval for Gunvor Group's 50% Parco Takeover
The CCP approves Gunvor Group's 50% acquisition of Parco, ensuring compliance with competition laws and boosting foreign investment in Pakistan's energy sector.
The Competition Commission of Pakistan (CCP) has approved Gunvor Group's acquisition of a 50% stake in the Pakistan Refinery and Oil Company (Parco).
This strategic deal highlights Gunvor's plans to strengthen its foothold in Pakistan's energy sector, signaling a significant step forward in its regional expansion efforts. The CCP's approval ensures that the transaction complies with competition laws, promoting fair market practices and preventing any potential disruptions to healthy competition within the industry.
This decision reflects the regulatory body's commitment to fostering a competitive and balanced energy market while enabling substantial foreign investment in Pakistan's refining sector.
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