The Kuwaiti Competition Authority announced that it has received fi ve requests related to economic concentration processes, as revealed in a series of posts on the social media platform “X” (formerly Twitter), reports AlSeyassah daily.
These requests involve acquisitions and mergers spanning multiple industries and countries, refl ecting the increasing globalization of business activity monitored by the Authority.
One of the signifi cant requests involves Chamonix Investments Poland, which seeks to acquire 42 percent of the shares of Commark.
Simultaneously, Chamonix Investments plans to acquire the remaining 58 percent of Cormark in Poland, consolidating full ownership of the fi rm. Another request pertains to Porsche Retail Group Limited, which aims to acquire the business and assets of the agencies holding the franchise rights to sell cars under Garden Seschelst Cars Limited in the United Kingdom.
Additionally, the Authority is reviewing a proposed merger between Al-Ikhlas International Holding and Iskan General Trading and Contracting, marking a major move within the Kuwaiti market.
On the international front, the German defense and automotive company Rheinmetall AG, through its subsidiary Rheinmetall American Vehicles, has submitted a request to acquire 100 percent of CB Prime Holdings LP, based in the United States.
In another cross-border transaction, NBC Apparel from the United States seeks to acquire a 35 percent stake in the capital of PFL Holding Limited in the United Arab Emirates.
These requests highlight the active role of the Kuwaiti Competition Authority in overseeing economic concentration activities and ensuring compliance with competition laws to maintain market integrity.