Pakistan Competition Commission clears Masood Textile Mills, Shanghai Challenge Textile merger
( November 28, 2014, 05:14 GMT | Official Statement) -- MLex Summary: The Competition Commission of Pakistan on Nov. 27 approved the proposed acquisition of stakes in Masood Textile Mills by Shanghai Challenge Textile, which was notified to the regulator on Oct. 28. The CCP said the acquisition won’t result in substantial lessening of competition in the spinning mills market in Pakistan. The full statement follows:...
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