Monday, March 02 2026

Bestway Cement enters auto sector after CCP nod
The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of Al-Haj Automotive (Private) Limited by Bestway Automotive (Private) Limited, a wholly owned subsidiary of Bestway Cement Limited, following a Phase-I competition assessment conducted under the Competition Act, 2010. According to a statement released on Saturday, Bestway Automotive (Private) Limited filed a pre-merger application on January 26, 2026, for the acquisition of Al-Haj Automotive (Private) Limited, under Section 11 of the Competition Act, 2010. The transaction arises from an asset purchase agreement executed on December 22, 2025, between the merger parties. Meanwhile, the acquirer, Bestway Automotive (Private) Limited, is a private limited company incorporated in Pakistan and a wholly owned subsidiary of Bestway Cement Limited, a company listed on the Pakistan Stock Exchange.
Related news categories: auto-assembler business cement economic-indicators psx stock-exchanges
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