CCP Approves Majority Stake Acquisition of Engro Powergen Qadirpur
ISLAMABAD, Monday 29 July 2024: The Competition Commission of Pakistan (CCP) has approved a merger involving a significant reshuffling of power generation assets. This transaction entails a consortium, mainly comprising textile companies, acquiring a 68.89% stake in Engro Powergen Qadirpur Limited (EPQL), a subsidiary of Engro Energy Limited. EPQL operates a 217 MW permeate gas-based…