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The Competition Commission of Pakistan approved the separation of Nestlé Pakistan's bottled water business into a new subsidiary and its subsequent inclusion in a global joint venture between Nestlé SA and a Platinum Equity-controlled entity. The transaction was approved after a Phase-I assessment found no competition concerns.
“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.”brecorder.com
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