DP World Logistics Shares Acquired by NLC in Major Deal
Deal News | Mar 15, 2025 | EIN
The Competition Commission of Pakistan (CCP) has given the green light for the National Logistics Corporation (NLC) to acquire 60% of DP World Logistics FZE's shares. This move is part of an effort led by Pakistan's Special Investment Facilitation Council to bolster economic growth. NLC, a state-owned enterprise established in 1978, is a major player in the logistics sector in Pakistan, providing services both domestically and internationally. The CCP determined that the acquisition of DP World Logistics would not harm competition in the market, allowing the transaction to proceed. The merger is expected to bring about operational efficiencies without limiting competition or creating dominant positions. The entry of DP World Logistics in the local market is anticipated to enhance supply chain efficiencies, with no significant risk of market collusion post-merger.
Sectors
- Logistics
- Transportation
Geography
- Pakistan – The article focuses on a transaction affecting the logistics and transportation market within Pakistan.
Industry
- Logistics – The article is primarily about the logistics industry, focusing on a significant acquisition in the road freight logistics sector in Pakistan.
- Transportation – This sector is relevant as the transaction involves the transportation of goods via road networks, central to NLC's operations.
Financials
- 60% – Percentage of DP World Logistics FZE's shares acquired by National Logistics Corporation.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| National Logistics Corporation (NLC) | Acquirer | Company | NLC is a state-owned company operating in logistics, infrastructure, and transportation, primarily within Pakistan. |
| DP World Logistics FZE | Target Company | Company | DP World Logistics FZE is involved in the logistics industry, with operations that will be expanded into Pakistan through this transaction. |
| Competition Commission of Pakistan (CCP) | Regulatory Authority | Government | CCP is the regulatory body in Pakistan that approved the acquisition to ensure compliance with competition laws. |
| Special Investment Facilitation Council (SIFC) | Facilitator | Government | SIFC is involved in promoting economic growth in Pakistan and facilitated the agreement between NLC and DP World Logistics. |