Junaid Jamshed's Merger with U&I Garments Approved by CCP
Deal News | Apr 22, 2025 | EIN
The Competition Commission of Pakistan (CCP) has approved the merger of Junaid Jamshed (Private) Limited (JJPL) with U&I Garments (Private) Limited (U&I), allowing the acquisition and full integration of JJPL's operations and assets by U&I through a share swap arrangement. This decision follows CCP's Phase-I competition assessment, which concluded that the merger would not substantially lessen competition in the markets of ready-made apparel, footwear, accessories, fragrances, and cosmetics. The transaction, primarily an intra-group consolidation as U&I already holds a 25% stake in JJPL, will see JJPL cease to exist as a separate entity.
Sectors
- Apparel and Textile
- Fragrances and Cosmetics
Geography
- Pakistan – The merger involves Pakistani companies and is approved by the Competition Commission of Pakistan.
Industry
- Apparel and Textile – The merger involves companies primarily in the ready-made apparel and related products sector.
- Fragrances and Cosmetics – JJPL also operates within the fragrances and cosmetics market, which is relevant to the merger.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Junaid Jamshed (Private) Limited | Target Company | Company | A Pakistani company involved in ready-made apparel and related markets, being acquired by U&I Garments. |
| U&I Garments (Private) Limited | Bidding Company | Company | The acquiring company in the merger, which already has a 25% stake in JJPL. |
| Competition Commission of Pakistan | Regulatory Authority | Government | The regulatory body in Pakistan that approved the merger. |