Colgate-Palmolive Pakistan Signs Deal to Acquire P&G Facility at Port Qasim

The proposed acquisition covers land, a manufacturing facility and related assets in Karachi, subject to Competition Commission of Pakistan approval.

Colgate-Palmolive (CP) Pakistan Limited has signed an Asset Purchase Agreement with Procter & Gamble (P&G) Pakistan (Private) Limited to acquire land, a manufacturing facility and related assets at Port Qasim, Karachi.

In a material information disclosure submitted to the Pakistan Stock Exchange (PSX), Colgate-Palmolive Pakistan said the agreement follows its earlier announcement on May 14, 2026, regarding the proposed acquisition.

The agreement outlines the planned transfer of the specified property and assets from P&G Pakistan to Colgate-Palmolive Pakistan. However, the company has not disclosed the transaction value, detailed information about the assets covered or an expected completion date.

The proposed acquisition remains subject to approval from the Competition Commission of Pakistan (CCP). The regulatory clearance is required before the transaction can be completed.

Colgate-Palmolive Pakistan submitted the disclosure under Sections 96 and 131 of the Securities Act, 2015, and Clause 5.6.1(a) of the PSX Regulations, which cover material information disclosures by listed companies.

The signing of the agreement marks a formal step towards the proposed acquisition. Further details, including the transaction value and completion timeline, have not yet been announced.