CCP approves Coca-Cola Turkey's acquisition of Coca-Cola Pakistan

MG News | October 14, 2023 at 11:39 PM GMT+05:00

0:00

October 14, 2023 (MLN): The Competition Commission of Pakistan (CCP) has granted approval to the acquisition of Coca Cola (Pakistan) by Coca-Cola Içecek (Turkey) under phase-1 review of the Competition Act, 2010, and the Competition (Merger Control) Regulations, 2016, said a press release issued today.

Coca-Cola Içecek (Turkey) acquired 49.67% shareholding of Coca Cola (Pakistan) through CCI International Holand (one of its subsidiaries) from Atlantic Industries.

The transaction involves total consideration of USD 300 million. After this transaction, Coca Cola Turkey will own majority of shareholding in Coca Cola (Pakistan) with management.

This is a significant vote of confidence that Pakistani economy has great potential for above-average returns on their capital for international investors.

The Chairman and Mergers team has streamlined, merger system and process to expedite mergers/acquisitions applications to facilitate international investors.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	172,170.29 229.01M	-3.74% -6682.81
ALLSHR	103,476.64 539.96M	-3.60% -3859.22
KSE30	52,658.79 103.60M	-3.69% -2017.91
KMI30	240,511.29 72.96M	-4.03% -10109.65
KMIALLSHR	65,988.04 237.17M	-3.87% -2659.27
BKTi	51,012.91 49.84M	-3.34% -1760.19
OGTi	33,565.47 12.61M	-4.19% -1466.95

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,955.00	67,400.00 66,300.00	625.00 0.94%
BRENT CRUDE	71.10	71.59 70.19	0.75 1.07%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-3.10 -3.13%
ROTTERDAM COAL MONTHLY	105.50	0.00 0.00	-1.75 -1.63%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	65.80	66.27 64.77	0.75 1.15%
SUGAR #11 WORLD	13.82	13.85 13.72	0.06 0.44%