On 11th September, 2023, CFTC received an application for authorization of a proposed acquisition of 100% share capital of Gas Company Limited by C-Quest Capital Limited.
The assessment of the transaction established that the transaction would not raise any competition concerns as it will not result in a change of the market structure in the short-to-medium term; and would not create a dominant player. Further, the investigations did not reveal any negative public interest concerns.
Upon deliberations, the Commission authorised the proposed acquisition of 100% of the share capital (equity) of Gas Company Limited by C-Quest Capital Limited without conditions.