CCP approves IGI investments’ acquisition of stake in Akzo N

Key Takeaways

ISLAMABAD, (APP - UrduPoint / Pakistan Point News - 25th Aug, 2026) The Competition Commission of Pakistan (CCP) has approved the acquisition of share
, following a Phase-I competition assessment
IGI Investments, a wholly owned subsidiary of IGI Holdings Limited, is incorporated in Pakistan and serves as the strategic investment arm of the IGI
It serves as the Group’s strategic investment arm and manages key investments, including the acquisition and holding of equity and debt securities, sa
Akzo Nobel Pakistan Limited is engaged in the manufacture and sale of coatings in Pakistan

ISLAMABAD, (APP - UrduPoint / Pakistan Point News - 25th Aug, 2026) The Competition Commission of Pakistan (CCP) has approved the acquisition of shareholding in Akzo Nobel Pakistan Limited by IGI Investments (Private) Limited from ICI Omicron B.V., following a Phase-I competition assessment.

IGI Investments, a wholly owned subsidiary of IGI Holdings Limited, is incorporated in Pakistan and serves as the strategic investment arm of the IGI Group.

It serves as the Group’s strategic investment arm and manages key investments, including the acquisition and holding of equity and debt securities, said a release issued here on Tuesday.

Akzo Nobel Pakistan Limited is engaged in the manufacture and sale of coatings in Pakistan. For the purpose of its assessment, the CCP identified decorative coatings (paint) and industrial coatings as the relevant product markets, with Pakistan as the relevant geographic market.

The seller, ICI Omicron B.V., is a private limited liability company incorporated in the Netherlands and a subsidiary of Akzo Nobel N.V. It serves as a holding investment vehicle for investments in the decorative and industrial coatings markets.

The CCP’s assessment found that the proposed transaction would not give rise to any horizontal overlap or vertical relationship in the relevant markets in Pakistan.

Consequently, the transaction would not result in any increase in market share or market concentration.

The Commission further observed that the relevant market is fragmented and the transaction is unlikely to create entry barriers, materially enhance the market power of the merger parties, impede existing or potential competitors, or result in the exclusion of competitors or a substantial lessening of competition.

Accordingly, the Commission concluded that the transaction would not create or strengthen a dominant position in the relevant market and authorised it under Section 31 of the Competition Act, 2010. The Commission also noted that certain ancillary restrictions contained in the agreement may require exemption under Section 5 of the Competition Act, read with the Competition Commission (Exemption) Regulations, 2020.

The CCP remains committed to an efficient and transparent merger review regime that facilitates investment and business activity while safeguarding competitive markets and consumer welfare in Pakistan.

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