{"id":451305,"date":"2024-12-24T02:32:58","date_gmt":"2024-12-23T21:32:58","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=451305"},"modified":"2024-12-24T02:32:58","modified_gmt":"2024-12-23T21:32:58","slug":"ccp-allows-nishat-hotels-to-acquire-nishat-hospitality","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/ccp-allows-nishat-hotels-to-acquire-nishat-hospitality\/","title":{"rendered":"CCP allows Nishat Hotels to acquire Nishat Hospitality"},"content":{"rendered":"<p> Islamabad<br \/>\nThe Competition Commission of Pakistan (CCP) has approved the application from Nishat Hotels and Properties Limited for the acquisition of 100% shareholding in Nishat Hospitality (Private) Limited.<br \/>\nThe transaction was evaluated under Section 11 of the Competition Act, which prohibits mergers and acquisitions that may substantially lessen competition by creating or strengthening a dominant position in a relevant market.<br \/>\nThe seller, M\/s. Nishat Mills Limited, a public limited company, sold its 100% shareholding in Nishat Hospitality (Private) Limited to Nishat Hotels and Properties Limited.<br \/>\nNishat Hotels and Properties Limited, a public unlisted company, is a key player in Lahore\u2019s real estate and hospitality sectors, operating a shopping mall, hotel, banquet halls, and the Nishat Residences residential project. Nishat Hospitality (Private) Limited, a private company, provides hospitality services in Lahore. The relevant market for this transaction has been identified as \u2018Hospitality Services\u2019, with the geographic scope with in Lahore.<br \/>\nCurrently, Nishat Hotels and Properties holds a 10 percent market share, while Nishat Hospitality commands 4 percent. Post-acquisition, the combined entity is expected to hold a 14 percent share in the hospitality market of Lahore. The CCP determined that the transaction would not create market dominance and authorized it, as it does not raise significant competition concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad The Competition Commission of Pakistan (CCP) has approved the application from Nishat Hotels and Properties Limited for the acquisition of 100% shareholding in Nishat Hospitality (Private) Limited. The transaction was evaluated under Section 11 of the Competition Act, which prohibits mergers and acquisitions that may substantially lessen competition by creating or strengthening a dominant [&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-451305","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 allows Nishat Hotels to acquire Nishat Hospitality<\/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-allows-nishat-hotels-to-acquire-nishat-hospitality\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CCP allows Nishat Hotels to acquire Nishat Hospitality\" \/>\n<meta property=\"og:description\" content=\"Islamabad The Competition Commission of Pakistan (CCP) has approved the application from Nishat Hotels and Properties Limited for the acquisition of 100% shareholding in Nishat Hospitality (Private) Limited. 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