ISLAMABAD:
The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of Al-Haj Automotive (Private) Limited by Bestway Automotive (Private) Limited after concluding that the transaction raises no competition concerns under the Competition Act, 2010.
According to a statement issued on Saturday, Bestway Automotive filed a pre-merger application on January 26, 2026, under Section 11 of the Competition Act, 2010. The transaction arises from an Asset Purchase Agreement executed on December 22, 2025, between the merger parties.
The acquirer, Bestway Automotive, is a private limited company incorporated in Pakistan and a wholly owned subsidiary of Bestway Cement Limited, a company listed on the Pakistan Stock Exchange (PSX). Bestway Automotive intends to assemble, market and sell automobiles in Pakistan.
Al-Haj Automotive, the target company, is also a private limited company engaged in the assembly, marketing and sale of vehicles, including sedans and SUVs, along with related spare parts.
Following a Phase-I competition assessment, the CCP analysed the relevant market and determined that both the acquirer and the target currently have no production or market share in the defined market. As a result, the transaction will not lead to any increase in market concentration or alter the competitive structure of the sector. The Commission concluded that the proposed acquisition does not result in the creation or strengthening of a dominant position. It is also not likely to substantially lessen competition or impede market entry.
