FFCL-Agritech merger

Posted: May 25th, 2011 | Author: | Filed under: News | Tags: , | No Comments »

Fauji Fertilizer Company LimitedThe Islamabad High Court (IHC) has dismissed the writ petition filed by Fauji Fertilizer Company Limited (FFCL) against the conditional approval granted by the Competition Commission of Pakistan (CCP) to FFCL for the acquisition of Agritech.

FFCL had submitted its pre-merger application on 2nd August 2010 for the acquisition of 75 % to 79.87 % shares of M/s Agritech Limited. The Commission had informed FFC that it decided to move the case to Phase 2 Review, with a view to determine whether the merger situation is likely to substantially prevent or lessen competition in the market and to ascertain the probability that the merged entity in the post-merger market will behave competitively or cooperatively.

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The (Passed) Winds of Change – Part 2

Posted: January 23rd, 2007 | Author: | Filed under: Articles | Tags: , , , , , , , , , , , , , , , , , | No Comments »

Again, here’s my take on the news. I think the three more important ones, that directly pertain, hence affect, the Karachi stock exchange, are:

1. The release that Prime Minister Shaukat Aziz is to postpone the decision to levy Capital Gain Tax for the next year.
2. The Sindh Government’s decision to discontinue stamp duty on electronic transfer of shares. [This proposal was in the last budget (June 2006). The duty was Rs. 0.01 per share.]
3. The opposition and disfavor of the Public Accounts Committee toward the privatization of Pakistan State Oil (PSO).

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