CCP approves TPL Corp and ABHI’s acquisition of FINCA Microfinance Bank – The News International

KARACHI: The Competition Commission of Pakistan (CCP) has approved the acquisition of a 94.8 per cent stake in FINCA Microfinance Bank Limited by TPL Corp Limited and ABHI (Private) Limited. The bank’s current shareholders include FINCA Microfinance Cooperatief UA, the International Finance Corporation (IFC), the Triodos Fair Share Fund, and Acumen Pakistan.
Under the terms of the sale and purchase agreement, TPL Corp Limited will acquire 33.17 per cent of the bank’s shares, while ABHI (Private) Limited will take a 61.61 per cent stake. In its competitive assessment, the CCP analysed the microfinance lending market in Pakistan and concluded that the acquisition would not create a dominant market position for the acquirers.
TPL Corp Limited, a publicly listed investment company, operates across multiple sectors, including insurance, real estate, security, asset tracking, and technology start-ups. Meanwhile, ABHI (Private) Limited is a licenced private company providing investment finance services under the country’s non-banking finance company regulations.
FINCA Microfinance Bank Limited is a licenced institution regulated by the State Bank of Pakistan (SBP).
The Regulus SoM chip, an AI Accelerator, sits on display during the Consumer Electronics Show in Las Vegas, Nevada,…
The HabibMetro Bank signboard can be seen in this image. — LCCI Website/FileKARACHI: HabibMetro Bank teamed up with…
An image of officials of ABHI Middle East Limited and UAE-based Al Ansari financial services. — Abhi AE…
This image shows Gojra Filling Station on Jhang Road Gojra Near M4 Interchange released on May 30, 2018. —…
People buying jewellery at a jewellery shop. — AFP/FileKARACHI: Gold prices decreased by Rs1,500 per tola on Monday…
People wait at Brussels central station on the day of a nationwide strike against the Belgian government’s pension…
Copyright © 2025. The News International, All Rights Reserved | Contact Us | Authors

source