The Competition Commission of Pakistan (CCP) has approved the acquisition of a certain shareholding in Route2Health (Private) Limited by AZT Foundation from Mr. Tausif Ahmad Khan, Mrs. Zainub Abbas, and Mr. Javaid Hussain, as part of a Share Purchase Agreement.
AZT Foundation, based in the UAE, was formed to hold and manage assets on behalf of the sellers. Route2Health (Pvt.) Limited is involved in the manufacturing, marketing, and distribution of nutraceuticals and health supplements in Pakistan.
The CCP, after conducting a detailed competitive analysis, classified the relevant product market as ‘Nutraceutical and Herbal Supplements.’ The transaction was deemed a conglomerate merger, as no horizontal or vertical overlaps exist between the acquirer and the target.
After assessing the potential impact on the market, the CCP concluded that the transaction would not lead to the creation or strengthening of a dominant position in the relevant market. Consequently, the CCP granted approval for the transaction under Section 11 of the Competition Act, 2010.
