{"id":511566,"date":"2025-10-30T13:55:59","date_gmt":"2025-10-30T08:55:59","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=511566"},"modified":"2025-10-30T13:55:59","modified_gmt":"2025-10-30T08:55:59","slug":"ccp-approves-pels-acquisition-of-stakes-in-pkp-group-companies","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/ccp-approves-pels-acquisition-of-stakes-in-pkp-group-companies\/","title":{"rendered":"CCP approves PEL\u2019s acquisition of stakes in PKP group Companies"},"content":{"rendered":"<p>The Competition Commission of Pakistan (CCP) has approved three separate merger applications submitted by Petroleum Exploration (Private) Limited (PEL) for the acquisition of certain shareholdings in PKP Kirthar B.V, PKP Exploration II Limited, and PKP Kadanwari Limited from KUFPEC Pakistan Holdings B.V.<br \/>\nThe approvals were granted after a comprehensive Phase-I review under Section 11 of the Competition Act, 2010, read with the Competition (Merger Control) Regulations, 2016, said a release issued here on Wednesday.<br \/>\nThe CCP determined that the proposed transactions are not likely to result in the creation or strengthening of a dominant position in the upstream oil and gas exploration and production market of Pakistan.<br \/>\nThe CCP\u2019s assessment found that the combined market share of PEL and the acquired entities remains minimal in oil and condensate production. The transactions primarily constitute a change in shareholding structure rather than any substantive alteration in market structure or competitive dynamics.<br \/>\nThe acquisition is expected to enhance operational efficiency, support resource development, and contribute to sustained domestic energy production without adversely affecting market competition.<\/p>\n<p>Accordingly, the CCP has authorized each transaction under Section 31(1)(d)(i) of the Competition Act, 2010.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Competition Commission of Pakistan (CCP) has approved three separate merger applications submitted by Petroleum Exploration (Private) Limited (PEL) for the acquisition of certain shareholdings in PKP Kirthar B.V, PKP Exploration II Limited, and PKP Kadanwari Limited from KUFPEC Pakistan Holdings B.V. The approvals were granted after a comprehensive Phase-I review under Section 11 of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":499720,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-511566","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"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 approves PEL\u2019s acquisition of stakes in PKP group Companies<\/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-approves-pels-acquisition-of-stakes-in-pkp-group-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CCP approves PEL\u2019s acquisition of stakes in PKP group Companies\" \/>\n<meta property=\"og:description\" content=\"The Competition Commission of Pakistan (CCP) has approved three separate merger applications submitted by Petroleum Exploration (Private) Limited (PEL) for the acquisition of certain shareholdings in PKP Kirthar B.V, PKP Exploration II Limited, and PKP Kadanwari Limited from KUFPEC Pakistan Holdings B.V. The approvals were granted after a comprehensive Phase-I review under Section 11 of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/ccp-approves-pels-acquisition-of-stakes-in-pkp-group-companies\/\" \/>\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=\"2025-10-30T08:55:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2025\/08\/competition-commission-of-pakistan-CCP.png\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"392\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" 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