Gallant Energy: Acquisition by Gul Ahmed Holdings Gains CCP Approval
Deal News | Dec 27, 2024 | EIN
The Competition Commission of Pakistan (CCP) has authorized Gul Ahmed Holdings' (Private) Limited acquisition of Gallant Energy (Private) Limited, under a Share Purchase Agreement. Gul Ahmed Holdings is chiefly involved in investment activities, while Gallant Energy operates in the LPG sector, holding less than 1% of the market share. The CCP's evaluation indicates that this transaction will not result in a dominant market position, aligning with the legal frameworks of the Competition Act, 2010. The approval underscores the CCP's dedication to maintaining fair market competition in Pakistan's LPG sector.
Sectors
- Energy
- Investment
Geography
- Pakistan – The acquisition takes place in Pakistan, with both the acquiring and target company operating within this geography.
Industry
- Energy – The article focuses on the acquisition of a company specializing in liquefied petroleum gas (LPG), which is a significant segment within the energy sector.
- Investment – Gul Ahmed Holdings is described as primarily focused on investment activities across various sectors.
Financials
- 100% – The acquisition involves 100 percent shareholding of Gallant Energy by Gul Ahmed Holdings.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Gul Ahmed Holdings (Private) Limited | Acquiring Company | Company | A private limited company engaged in investment activities across various sectors. |
| Gallant Energy (Private) Limited | Target Company | Company | A company specializing in the filling and distribution of liquefied petroleum gas (LPG). |
| Competition Commission of Pakistan (CCP) | Regulatory Authority | Government | The regulatory body approving the acquisition in accordance with the Competition Act, 2010. |