The Competition Commission of Pakistan has approved the acquisition of 100% shareholding of BASF Pakistan Limited by UAE-based Kemyion Chemical Solutions Trading FZCO.   Kemyion is a UAE-based company authorised to trade in acids, alkalis, basic industrial chemicals, construction chemicals, insecticides, petrochemicals, and plastic and nylon raw materials. BASF Pakistan is engaged in indenting and merchandising a wide range of chemical products, including colorants, catalysts, solvents, oxo alcohols and process chemicals. The seller, BASF SE, is a German multinational chemical company and parent entity of the BASF Group.    The commission concluded that the proposed acquisition would neither create barriers to entry nor significantly enhance the market power of the merger parties.  (ICE ISLAMABAD)

Fonte notizia: the express tribune