CCP clears Secure Logistics–Trax online merger

MG News | May 07, 2025 at 02:55 PM GMT+05:00

0:00

May 07, 2025 (MLN): The Competition Commission of Pakistan (CCP) has granted approval for the 100% acquisition of Trax Online (Pvt.) Ltd. by Secure Logistics Group Ltd. under a Share Purchase Agreement.

The pre-merger application was submitted by both parties in accordance with the Competition Act, 2010.

CCP's review identified the relevant product market as Courier and E-Commerce Logistics Services in Pakistan.

The transaction was determined to be a conglomerate merger, with no horizontal or vertical overlaps, as per the press release issued today.

CCP concluded that the acquisition would not lead to market dominance or significantly reduce competition in the identified market.

Secure Logistics Group Ltd. (SLGL), a public listed company, provides long-haul and medium-haul logistics, asset tracking, fleet management, and security services.

Trax Online (Pvt.) Ltd. is a private company specializing in warehousing and door-to-door delivery for e-commerce clients.

The acquisition is expected to enhance operational synergies and contribute to the growth of Pakistan’s digital logistics ecosystem.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%