Loads Ltd via rights issue: CCP approves Treet’s additional stake acquisition

Treet Corporation Ltd is expanding its footprint in Pakistan’s automotive industry after the Competition Commission of Pakistan (CCP) approved the company’s acquisition of additional shareholding in auto parts manufacturer Loads Ltd through a rights issue. Documents available with the Business Recorder show that the Commission has authorized Treet’s subscription of additional ordinary shares in Loads Limited following a Phase-I competition assessment under the Competition Act, 2010. The transaction marks another step in Treet’s ongoing transformation from a traditional consumer products manufacturer into a diversified industrial group with growing interests in mobility, engineering and manufacturing.