The Competition Commission of Pakistan has approved the acquisition of BASF Pakistan (Private) Limited by UAE-based Kemyion Chemical Solutions Trading FZCO, stating that the deal is unlikely to reduce competition in Pakistan’s chemicals market.

Under the approved transaction, Kemyion will acquire full ownership of BASF Pakistan from Germany’s BASF SE through a share purchase agreement signed on November 18, 2025. The merger was cleared after a Phase I review conducted under the Competition Act, 2010.

Kemyion operates in the trading of industrial and specialty chemicals, including construction chemicals, petrochemicals, insecticides, and plastic raw materials. BASF Pakistan is engaged in the indenting and merchandising of chemical products such as colorants, catalysts, solvents, oxo alcohols, and process chemicals.

During its assessment, the CCP defined the relevant market as the trade of industrial and specialty chemicals in Pakistan and evaluated the potential impact of the transaction on market structure and competition.

The regulator observed that Kemyion currently has no operational presence, assets, or revenue in Pakistan. It therefore concluded that the acquisition would not significantly change market concentration, increase market power, or create barriers for new entrants.

The CCP said the transaction does not substantially lessen competition nor create a dominant position in the market. It added that the approval reflects its policy of facilitating investment and business activity while ensuring protection of competition and consumer interests.