CCP approves Optimus Capital's 95% stake in Alfalah Securities

January 20, 2025 (MLN): The Competition Commission of Pakistan (CCP) has granted approval for Optimus Capital to acquire a 95% stake in Alfalah Securities.

A sale-purchase agreement has been finalized between Optimus Capital and Alfalah Securities, marking a significant step in this transaction.

The CCP defined the relevant market as 'brokerage services,' which includes services provided by equity brokers for executing trades and related activities.

The assessment found that ASPL's relatively small market share ensures the transaction will not result in OCMPL holding a dominant position in the market.

The equity brokerage services market in Pakistan remains competitive and accessible, with regulatory oversight from the Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Stock Exchange (PSX).

This consolidation is expected to enhance efficiency and improve service standards across the market.

While the transaction will result in a modest increase in OCMPL's market share, the CCP found no significant concerns about potential anti-competitive effects, either unilateral or coordinated.

The equity brokerage market in Pakistan remains resilient and accessible, fostering healthy competition.

The acquisition is expected to boost Optimus Capital Management’s market share, further strengthening its position in the industry, according to the press release.

According to the CCP, the deal will ensure that the trend of healthy competition in the market remains intact.

Optimus Capital Management (Private) Limited is a privately-owned company registered in Pakistan, specializing in equity brokerage services, including stock and securities trading in the capital markets.

Similarly, Alfalah Securities (Private) Limited, also privately owned, provides equity brokerage services, offering comprehensive trading solutions in the equity markets.

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