The Competition Commission of Pakistan (CCP) has granted approval to Nishat Hotels and Properties Limited for the acquisition of 100% shareholding in Nishat Hospitality (Private) Limited.
The transaction was reviewed under Section 11 of the Competition Act, which prohibits mergers and acquisitions that could substantially reduce competition or create a dominant market position.
M/s Nishat Mills Limited, the seller and a public limited company transferred its full shareholding in Nishat Hospitality to Nishat Hotels and Properties Limited.
Nishat Hotels and Properties Limited, an unlisted public company, operates in Lahore’s real estate and hospitality sectors, managing a shopping mall, hotel, banquet halls, and a residential project called Nishat Residences.
Nishat Hospitality (Private) Limited provides hospitality services within Lahore. The CCP identified the relevant market for this transaction as “hospitality services” within the geographic scope of Lahore.
Prior to the acquisition, Nishat Hotels and Properties held a 10% market share, while Nishat Hospitality accounted for 4%. The merger will bring the combined entity’s share to 14% in Lahore’s hospitality market.
Following its assessment, the CCP concluded that the transaction does not raise competition concerns or establish market dominance and subsequently approved it.
