CCP approves Velora’s acquisition of Masood Textile shares
The Competition Commission of Pakistan (CCP) here on Thursday approved the acquisition of shareholding in Masood Textile Mills Limited by UAE-based Velora Global Ventures-F.Z.C. from two Chinese companies, following a Phase-I competition assessment under the Competition Act, 2010. The transaction involves the acquisition of shares from Shanghai Challenge Textile Company Limited and Zhejiang Xinao…
We haven't written up this one. Daily Times has the full story — the link below goes straight to it.
