UAE’s Kemyion acquires BASF Pakistan
新闻台署名 来源：新华社、《黎明报》、《阿拉伯新闻》、阿纳多卢通讯社与《分钟镜报》。由 GSRRA 编辑部翻译并节选。
CCP says Kemyion is not operational in Pakistan, and the transaction won’t affect market concentration
The Competition Commission of Pakistan (CCP) has approved the acquisition of 100% shareholding of BASF Pakistan (Private) Limited by UAE-based Kemyion Chemical Solutions Trading FZCO following a Phase-I review under the Competition Act, 2010, according to a statement issued on Tuesday.
Kemyion submitted a pre-merger application under Section 11 of the Act, seeking approval to acquire BASF Pakistan from BASF SE, Germany, under a share purchase agreement dated November 18, 2025. The commission authorised the transaction under Section 31(1)(d)(i) of the Act.
Kemyion is a UAE-based company authorised to trade in acids, alkalis, basic industrial chemicals, construction chemicals, insecticides, petrochemicals, and plastic and nylon raw materials. BASF Pakistan is engaged in indenting and merchandising a wide range of chemical products, including colorants, catalysts, solvents, oxo alcohols and process chemicals. The seller, BASF SE, is a German multinational chemical company and parent entity of the BASF Group.
During its review, the commission assessed the likely impact of the transaction on competition in the relevant market. The relevant product market was identified as the trade of chemicals, including specialty and industrial chemicals, while the relevant geographic market was determined to be Pakistan.
The commission observed that the acquiring company is not currently operational in Pakistan and does not generate any revenue or own any assets in the country. Consequently, the transaction would not result in any material change in market concentration. The assessment further found that the combined market share of the merger parties would remain unchanged and insignificant following the transaction.
The commission concluded that the proposed acquisition would neither create barriers to entry nor significantly enhance the market power of the merger parties. It further found no basis to conclude that the transaction would substantially lessen competition or create or strengthen a dominant position in the relevant market.
Accordingly, the Commission authorised the transaction under the Competition Act, 2010.
Reference Link:- https://tribune.com.pk/story/2614816/uaes-kemyion-acquires-basf-pakistan
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
