Pamp Ventures Sa
Case brief
What is this about?
The Competition Commission of India approved a proposed combination involving the acquisition of 100% of PAMP Technologies and 72.65% of MMTC PAMP by PAMP Switzerland. The Commission determined the deal was an internal group restructuring with no change in market dynamics and no appreciable adverse effect on competition.
What did the court decide?
The Commission approves the Proposed Combination under Section 31(1) of the Competition Act, 2002.
What the court decided
COMPETITION COMMISSION OF INDIA Combination Registration No. C-2024/03/1123
16th April 2024
Notice under Section 6(2) of the Competition Act, 2002 given by PAMP Ventures SA
CORAM:
Ms. Ravneet Kaur Chairperson Mr. Anil Agrawal Member Ms. Sweta Kakkad Member
Mr. Deepak Anurag Member
Order under Section 31(1) of the Competition Act, 2002
- On 15 March 2024, the Competition Commission of India ( Commission ) received a notice ( Notice ) under Section 6(2) of the Competition Act, 2002 ( Act ), given by PAMP Ventures SA ( PAMP Switzerland/ Acquirer ).
- The proposed combination relates to the acquisition by PAMP Switzerland of:
- a) 100% of the share capital (on a fully diluted basis) of PAMP Technologies (India) Private Limited ( PAMP Technologies/ Target 1 ) from PAMP Holding Mauritius Limited ( PAMP Mauritius/ Seller ); and
Issues for consideration
2 issues framed by the court
Whether the proposed acquisition of PAMP Technologies and MMTC PAMP by PAMP Switzerland constitutes a combination likely to have an appreciable adverse effect on competition.
Whether the Proposed Combination, being part of an internal group restructuring, requires approval.
Parties & counsel
- applicant
PAMP Switzerland
Coram
Ravneet Kaur
Anil Agrawal
Sweta Kakkad
Case details
As recorded by the court registry
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