CCP approves acquisition of Engro Eximp Agriproducts by MAP Rice Mills

ISLAMABAD: The Competition Commission of Pakistan (CCP) has authorized the purchase of M/s. Engro Eximp Agriproducts (Private) Limited by MAP Rice Mills (Private) Limited under a Share Sale and Purchase Agreement.

Engro Eximp Agriproducts (Private) Limited is a company registered in Pakistan involved in the production, manufacturing, and trade of various raw, processed, and prepared food items, including agricultural and farming products.CCP authorizes KCA Deutag acquisition by HP Global Holdings

For the competition analysis, the relevant product market was identified as Basmati and Non-Basmati Rice. CCP’s assessment concluded that MAP Rice Mills holds a small market share, which is anticipated to remain low after the transaction, as the change in market share will be minimal in both supply-side categories.

The CCP concluded that the transaction does not create any risk of market dominance or significantly reduce competition. Instead, the acquisition represents a horizontal integration, which is not expected to raise competition issues.

The CCP remains dedicated to ensuring that mergers and acquisitions comply with competition regulations, promoting a fair and competitive market environment.