{"id":417328,"date":"2024-07-10T13:31:29","date_gmt":"2024-07-10T08:31:29","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=417328"},"modified":"2024-07-10T13:31:29","modified_gmt":"2024-07-10T08:31:29","slug":"ccp-green-lit-merger-of-scl-in-jksm","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/ccp-green-lit-merger-of-scl-in-jksm\/","title":{"rendered":"CCP Green-lit merger of SCL in JKSM"},"content":{"rendered":"<p>ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a Scheme of Arrangement for the merger of M\/s. Shamim and Company (Pvt.) Ltd with M\/s. JK Sugar Mills (Pvt.) Ltd. JKSM is a private limited company with the business of production and sale of sugar or related products in Pakistan, said a press release issued here on Tuesday. JKSM primarily produces refined white sugar, along with three by-products namely, molasses, bagasse, and mud. SCL, since 1967 is into the business of manufacturing and distribution of PepsiCo products across Pakistan. The Phase-I competition assessment by the CCP identified two relevant markets namely, \u2018Sugar and by-products\u2019 and \u2018Non-alcoholic beverages\u2019. As per the Scheme of Arrangement, the transaction involves merger of SCL with in JKSM. Moreover post-transaction, SCL would be dissolved and JKSM would be the surviving entity where the Board of Directors of JKSM will continue to serve as directors of the merged entity. DNA<br \/>\nThe assessment further confirmed that post-transaction, SCL\u2019s market shares in \u2018Non-alcoholic beverages\u2019 will remain unchanged posing no threat for creation of dominance by JKSM.<br \/>\nThe proposed transaction would result in benefits in saving costs through streamlining procedures and reduction in overhead and working expenses. There will be an increase in efficiency after the unified control. Improvement in the operations shall ultimately benefit shareholders, employees, customers and others generally.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a Scheme of Arrangement for the merger of M\/s. Shamim and Company (Pvt.) Ltd with M\/s. JK Sugar Mills (Pvt.) Ltd. JKSM is a private limited company with the business of production and sale of sugar or related products in Pakistan, said a press release issued [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-417328","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CCP Green-lit merger of SCL in JKSM<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/ccp-green-lit-merger-of-scl-in-jksm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CCP Green-lit merger of SCL in JKSM\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a Scheme of Arrangement for the merger of M\/s. Shamim and Company (Pvt.) Ltd with M\/s. JK Sugar Mills (Pvt.) Ltd. JKSM is a private limited company with the business of production and sale of sugar or related products in Pakistan, said a press release issued [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/ccp-green-lit-merger-of-scl-in-jksm\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-10T08:31:29+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" 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