German Chemical Giant’s Subsidiary Sold to UAE Firm

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The Competition Commission of Pakistan has approved the acquisition of BASF Pakistan (Private) Limited by UAE based Kemyion Chemical Solutions Trading FZCO, concluding that the transaction will not significantly affect competition in the country’s chemicals market.

Kemyion 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 transaction was cleared following a Phase I review conducted under the Competition Act, 2010.

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

During its review, the commission identified the relevant market as the trade of specialty and manufacturing chemicals in Pakistan and assessed the likely impact of the deal on market competition.

The CCP noted that Kemyion currently has no operations, assets, or revenue in Pakistan. As a result, the acquisition is not expected to alter market levels, increase market power, or create barriers to new entrants.

The regulator concluded that the proposed transaction would neither substantially lessen competition nor enhance a dominant position in the market. It said the approval reflects its commitment to facilitating investment and business transactions while safeguarding competition and consumer welfare.

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