Business · 3h ago
UAE Firm Acquires BASF Pakistan After Regulatory Nod
The Competition Commission of Pakistan approved the acquisition of BASF Pakistan by UAE-based Kemyion Chemical Solutions. BASF Pakistan is a subsidiary of the German chemical giant BASF. The deal marks a shift in ownership of a major local chemical player to a Middle Eastern firm.
Meridian48 take
The sale reflects growing UAE investment in Pakistan's chemical sector, but the long-term impact on local competition and pricing remains unclear.
acquisitionchemical-industry