The Competition Commission of Pakistan (CCP) has granted approval to the acquisition of Coca-Cola (Pakistan) under phase-1 review of the Competition Act, 2010, and the Competition (Merger Control) Regulations, 2016. Coca-Cola İçecek (Turkey) acquired 49.67 percent 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 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.
The Competition Commission of Pakistan (CCP) has granted approval to the acquisition of Coca-Cola (Pakistan) under phase-1 review of the Competition Act, 2010, and the Competition (Merger Control) Regulations, 2016.
Coca-Cola İçecek (Turkey) acquired 49.67 percent 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 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.
© CCP 2024, Competition Commission of Pakistan ©All rights reserved
