CCP Clears Merger of Two Investment Companies into Dawood Lawrencepur

The Competition Commission of Pakistan (CCP) has approved the merger of Cyan Limited and DH Partners Limited into Dawood Lawrencepur Limited as part of an internal restructuring within the Dawood Group.

The transaction, based on a Scheme of Amalgamation dated December 16, 2025, will consolidate all assets, liabilities and obligations of the merging entities into Dawood Lawrencepur Limited. In return, shareholders of Cyan Limited and DH Partners Limited will receive shares in Dawood Lawrencepur Limited.

Dawood Lawrencepur Limited, a listed subsidiary of Dawood Corporation, operates as an investment holding company with exposure to renewable energy projects, including wind and solar, as well as capital market investments. Cyan Limited is also a listed investment firm focused on equity investments, while DH Partners Limited manages investment portfolios and was listed on the Pakistan Stock Exchange in February 2025.

In its Phase I review, the Commission noted that all three entities primarily function as investment vehicles and operate under common ownership, making the transaction an internal consolidation rather than a market expansion.

The regulator concluded that the merger would not create or strengthen a dominant market position or reduce competition, and therefore approved the transaction under the Competition Act, 2010.

Officials said the restructuring is expected to improve efficiency in portfolio management and strengthen institutional investment capacity within the group, while remaining compliant with competition regulations.