Pakistan, May 8 -- The Competition Commission of Pakistan (CCP) on Wednesday approved the complete acquisition of Trax Online (Pvt.) Ltd. by Secure Logistics Group Ltd. under a Share Purchase Agreement (SPA).
According to a press statement, both parties had submitted a pre-merger application in line with the Competition Act, 2010. The CCP's review identified the relevant product market as courier and e-commerce logistics services in Pakistan.
CCP said that the deal is a conglomerate merger with no horizontal or vertical overlaps, and concluded that the transaction will not result in dominance or lessen competition in the relevant market.
Secure Logistics Group Ltd. (SLGL) is a publicly listed company offering long-haul and medium-haul lo...