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 under a Share Purchase Agreement.
AZT Foundation, a UAE-based organization, was established to hold and manage assets on behalf of the sellers. Route2Health is engaged in the manufacturing, marketing, and distribution of nutraceuticals and health supplements in Pakistan.
After conducting a detailed competitive analysis, the CCP identified the relevant product market as “Nutraceutical and Herbal Supplements.” The transaction has been classified as a conglomerate merger, as there are no horizontal or vertical overlaps between the acquirer and the target.
The Commission concluded that the deal would not result in the creation or strengthening of a dominant position in the relevant market. Accordingly, the CCP has approved the transaction under Section 11 of the Competition Act, 2010.