CCP approves 50% acquisition of total Parco by Gunvor Group

The Competition Commission of Pakistan (CCP)  approved 50% acquisition of total Parco by Gunvor Group, signaling growth in Pakistan’s fuel and lubricants Sector.

The Competition Commission of Pakistan (CCP) has given the green light for the acquisition of a 50 percent shareholding in Total Parco Pakistan Limited (TPPL) by Aquashore SA, a company that operates under the umbrella of Switzerland’s Gunvor Group.

Under the terms of the Sale and Purchase Agreement, these shares will be transferred from M/s. Total Energies Marketing Services to Aquashore SA.

Gunvor Group, one of the world’s premier commodities trading companies, brings vast experience in trading and logistics. Through this transaction, Gunvor aims to enhance operational logistics, safety standards, and competitive solutions that bridge global energy supply and demand. Gunvor’s vast experience in commodities trading and logistics provides Aqusahore SA with a strategic advantage, aligning well with Pakistan’s expanding demand for efficient and secure energy solutions.

As Aquashore SA prepares to expand its operations in Pakistan, this acquisition strengthens its global business footprint. It also signifies a positive trend for foreign investment in Pakistan’s energy and automotive sectors, paving the way for enhanced services, improved supply-chain reliability, and a more competitive market landscape.