JAS UK's play for logistics peer Pentagon sparks public review in Papua New Guinea
( August 25, 2025, 02:04 GMT | Official Statement) -- MLex Summary: Logistics company JAS UK’s plans to acquire UK-based freight forwarding group Pentagon is being reviewed by the antitrust regulator of Papua New Guinea. In a statement, the Independent Consumer and Competition Commission said it had commenced public consultations for the dealmakers’ clearance application, with the value of the transaction exceeding the K50 million ($11.79 million) threshold that triggers a review. JAS UK is a wholly owned subsidiary of JAS Worldwide Holding Inc., ultimately owned by Atlanta-based JAS Worldwide; Pentagon is a UK-incorporated company with operations in more than 30 countries, where it provides freight-forwarding and related services. The clearance application to the ICCC is attached; the watchdog's full statement follows: ...
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