CCP Approves PEL’s Acquisition of Stakes in PKP Group Companies
The Competition Commission of Pakistan (CCP) has approved three separate merger applications submitted by Petroleum Exploration (Private) Limited (PEL) for the acquisition of certain shareholdings in PKP Kirthar B.V., PKP Exploration II Limited, and PKP Kadanwari Limited from KUFPEC Pakistan Holdings B.V. The approvals were granted after a comprehensive Phase-I review under Section 11 of…