CCP clears Lotte Group's restructuring
The Competition Commission of Pakistan has approved an internal restructuring of the South Korean Lotte Group. The commission determined that the acquisition of shares between Lotte entities will not negatively impact market competition in Pakistan.
Why it matters
Regulatory approval of corporate restructuring ensures that market competition remains fair and prevents monopolistic practices.
--> Home Business CCP clears Lotte Group's restructuring Finds no competition concerns in food, beverage markets
facebook --> twitter --> whatsup --> linkded --> email MORE (3) Messenger Whatsapp --> ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a pre-merger application, paving the way for an internal restructuring within the Lotte Group of South Korea while finding no competition concerns in Pakistan's food and beverage markets.
The transaction involves Japan's Lotte Co Ltd acquiring shareholding in Singapore-based Lotte Confectionery from Lotte Wellfood Co Ltd. As the target company owns interests in Pakistan's Lotte Kolson and Lotte Akhtar Beverages, the share acquisition required prior clearance from the CCP under the Competition Act, 2010.
Following a phase-I competition assessment, the commission concluded that the transaction was purely a change in ownership within the Lotte Group and would not alter market structure or competitive dynamics in Pakistan.
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