The Competition Commission of Pakistan (CCP) has approved the acquisition of M/s Fauji Foundation’s Fauji Cereals Business by M/s Fauji Foods Limited. The Fauji Foundation, a charitable trust for the welfare of ex-servicemen and their families, submitted a pre-merger application to the CCP.
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The competition assessment concluded that the proposed transaction, involving the acquisition of shares, does not suggest any substantial lessening of competition or the creation or strengthening of a dominant position in the relevant market. The restructuring aims to consolidate the Breakfast Cereal business under one arm and enhance future profitability.
