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JAS UK-Pentagon deal can proceed, Papua New Guinea regulator says

( October 6, 2025, 02:05 GMT | Official Statement) -- MLex Summary: Logistics company JAS UK’s plans to acquire UK-based freight-forwarding group Pentagon have been cleared by the antitrust regulator in Papua New Guinea. In a statement, the Independent Consumer and Competition Commission said it had cleared the transaction, having concluded that the merged company would continue to provide freight and logistics services in the country. 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 determination is attached and the full statement follows: ...

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