The Competition Commission of Pakistan (CCP) has approved BASF Pakistan’s acquisition by Kemyion Chemical Solutions Trading FZCO. The approval followed a Phase-I review under the Competition Act, 2010. Moreover, the transaction covers the entire shareholding of BASF Pakistan.
Kemyion submitted the pre-merger application under Section 11 of the Competition Act. The company will acquire BASF Pakistan from BASF SE, Germany. The agreement between both parties was signed on November 18, 2025.
Competition Review Finds No Market Concerns
The CCP reviewed the proposed transaction before granting approval. It identified the relevant market as chemical trading across Pakistan. Furthermore, the review covered specialty and industrial chemical products.
Kemyion trades industrial chemicals, construction chemicals, petrochemicals, insecticides, and plastic raw materials. Meanwhile, BASF Pakistan markets products including catalysts, solvents, colorants, and process chemicals. BASF SE remains one of the world’s leading chemical manufacturers.
The Commission found Kemyion has no existing operations, assets, or revenue in Pakistan. Therefore, the acquisition will not significantly change market concentration. Officials also noted the combined market share will remain insignificant.
Approval Supports Investment and Competition
The CCP concluded the transaction would not create entry barriers for competitors. Additionally, it found no evidence of increased market dominance. The Commission also determined the acquisition would not reduce competition in Pakistan’s chemical sector.
Accordingly, the CCP approved the transaction under the Competition Act, 2010. Officials said the decision supports investment while protecting fair competition. Consequently, the Commission reaffirmed its commitment to efficient merger reviews and consumer welfare.
