The Competition Commission of Pakistan (CCP) has approved the acquisition of BASF Pakistan (Private) Limited by UAE-based Kemyion Chemical Solutions Trading FZCO, concluding that the transaction will not significantly impact competition in the country’s chemicals market.
According to official details, Kemyion had sought approval to acquire the entire shareholding of BASF Pakistan from Germany’s BASF SE under a share purchase agreement signed on November 18, 2025. The deal was cleared following a Phase I review conducted under the Competition Act, 2010.
Kemyion Chemical Solutions Trading FZCO is engaged in the trading of industrial and specialty chemicals, including construction chemicals, petrochemicals, insecticides, and plastic raw materials. Meanwhile, BASF Pakistan (Private) Limited is involved in the indenting and merchandising of chemical products such as colorants, catalysts, solvents, oxo alcohols, and process chemicals.
The CCP defined the relevant market as the trade of specialty and industrial chemicals in Pakistan and assessed the transaction’s potential impact on competition and market structure.
During its review, the regulator noted that Kemyion currently has no operations, assets, or revenue in Pakistan. As a result, it concluded that the acquisition would not significantly alter market concentration, increase market power, or create barriers for new entrants.
The Commission further stated that the deal is unlikely to create or strengthen a dominant position in the market and would not substantially lessen competition.
Officials said the approval reflects CCP’s commitment to facilitating foreign investment and business transactions while ensuring fair competition and protecting consumer welfare in Pakistan’s industrial markets.
