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CCP approves Nestlé–Platinum Equity’s joint venture
ISLAMABAD: Nestlé Pakistan Limited’s bottled water business is proposed to be separated into a newly incorporated subsidiary and subsequently brought within a global joint venture between Nestlé SA and a Platinum Equity-controlled entity, according to a merger order issued by the Competition Commission of Pakistan (CCP). The Commission approved the transaction after a Phase-I assessment found no horizontal or vertical overlap between the businesses concerned in Pakistan’s bottled water market. The order, dated October 16, 2026, authorises the transaction under Section 31(1)(d)(i) of the Compet...
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