{
  "id": 16882334,
  "title": "Colgate-Palmolive Pakistan to acquire P&G's Port Qasim assets",
  "url": "https://urgent.news/2026/10/28/colgate-palmolive-pakistan-to-acquire-p-gs-port-qasim-assets",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-28T09:40:29.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40446306/colgate-palmolive-pakistan-to-acquire-pampgs-port-qasim-assets"
  },
  "original_language": "en",
  "account": "Colgate-Palmolive Pakistan Limited announced on Wednesday that it has reached an agreement to acquire assets from Procter & Gamble Pakistan (Private) Limited. The deal involves land, a manufacturing facility, and related assets located at Port Qasim in Karachi. The company shared this news on October 28, 2026, with the Pakistan Stock Exchange (PSX). The acquisition is awaiting approval from the Competition Commission of Pakistan.\n\nIn 2025, Procter & Gamble decided to discontinue its operations in Pakistan as part of a global restructuring plan. This move entailed shutting down the company's manufacturing and commercial activities in the country and transitioning to a third-party distributor model for continued service in Pakistan, driven by P&G's strategic focus on global growth and value creation. The restructuring also included the global elimination of 7,000 non-manufacturing jobs and the exit from specific categories and brands in various markets.\n\nIn May 2025, as part of the wind-down process, P&G (Pakistan) Limited announced its intention to sell the Port Qasim assets to Colgate-Palmolive (Pakistan) Limited. Colgate-Palmolive, originally founded in 1977 under the name National Detergents Limited, became known as it is today after entering a Participation Agreement with Colgate-Palmolive Company in the USA in 1990. The company specializes in manufacturing and selling a range of detergents, personal care products, and related items.",
  "summary": "Colgate-Palmolive (Pakistan) Limited (COLG) said on Wednesday it had signed an asset purchase agreement with Procter & Gamble Pakistan (Private) Limited to acquire land, a manufacturing facility and related assets at Port Qasim, Karachi. “We are pleased to announce that the company has entered into an asset purchase agreement with Procter & Gamble Pakistan (Private) Limited on October 28, 2026,”…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}