CCP approves two mergers

The Competition Commission of Pakistan (CCP) has granted approval to two mergers in home healthcare services and non-life insurance sectors after the successful completion of phase-1 competition assessment of the entities. The CCP approved the merger application filed by Shifa International Hospitals Ltd to acquire SIHT Private Ltd from Shifa Foundation. It was found that there was no overlap in the activities of the merger parties in the relevant market, therefore, post-transaction, market conditions will remain unchanged. Furthermore, the proposed transaction, having raised no competition concerns, secured the CCP’s approval. CCP also approved the merger of TPL Insurance Ltd (TPLI) with New Hampshire Insurance Company — Pakistan Branch (NHICP) after completing all formalities. NHICP is a Pakistan-based branch of New Hampshire Insurance Company incorporated under the laws of the United States of America.