| Case ID |
30abc11b-8d21-42eb-b9f1-4a2f44382262 |
| Body |
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| Case Number |
1155/Merger-CCP/21 |
| Decision Date |
Oct 22, 2021 |
| Hearing Date |
Oct 08, 2021 |
| Decision |
The Competition Commission of Pakistan concluded that the proposed merger between Packages Limited (the Acquirer) and Tri-pack Films Limited (the Target) would not substantially lessen competition in the relevant markets. The Commission found that the Acquirer had been in control of the Target Company prior to the merger and that the merger would not create or strengthen a dominant position in the market. The Acquirer provided sufficient evidence that the transaction would not have adverse effects on competition, and therefore, the merger was authorized. |
| Summary |
In the case of Packages Limited acquiring Tri-pack Films Limited, the Competition Commission of Pakistan evaluated the implications of this merger under the Competition Act, 2010. The Commission considered the potential anti-competitive practices that could arise from the merger, especially given the Acquirer's existing influence in the packaging market. After thorough investigation, including a Phase I and Phase II review, the Commission determined that the merger would not adversely impact competition. The Acquirer’s existing management control over the Target, along with the lack of history of collusion in the market, supported the decision. This case highlights the importance of regulatory scrutiny in mergers to prevent anti-competitive behavior and ensure market fairness. Keywords such as 'merger approval', 'Competition Act', and 'anti-competitive practices' are significant in understanding the regulatory landscape surrounding corporate mergers in Pakistan. |
| Court |
Competition Commission of Pakistan
|
| Entities Involved |
Packages Limited,
Tri-pack Films Limited,
Mitsubishi Corporation
|
| Judges |
MS. RAHAT KAUNAIN HASSAN,
MS. SHAISTA BANO,
MUJTABA AHMAT LODHI
|
| Lawyers |
Not available
|
| Petitioners |
Packages Limited
|
| Respondents |
Tri-pack Films Limited
|
| Citations |
2022 SLD 596 = 2022 CLD 266
|
| Other Citations |
Not available
|
| Laws Involved |
Competition Act, 2010
|
| Sections |
11
|