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The Competition Commission of Pakistan approved the proposed acquisition of Pioneer Cement Limited by Maple Leaf Cement Factory Limited. The merger will make Maple Leaf the second-largest cement producer in Pakistan's northern region, expanding production capacity from 8 million tons to 13.02 million tons.
“The acquisition would expand Maple Leaf’s production capacity from 8 million tons to 13.02 million tons, boosting its regional market share in northern Pakistan from 12% to 19%.”nukta.com
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