Amman – The Ministry of Industry, Trade, and Supply has approved two acquisition requests from local companies seeking to acquire other firms in the domestic market, following a detailed review and assessment of the potential impact on competition.
اضافة اعلان
In a press statement today, the Ministry said: “The Ministry’s Competition Directorate received two requests: one concerning Afak Energy Company’s acquisition of Central Gas Technology Company, and the other regarding Mansour Industrial Group’s acquisition of 50.28% of the shares of Jordan Cement Factories Company.”
After reviewing the requests, the Ministry approved Afak Energy’s acquisition, which involves purchasing 100% of the partners’ shares in Central Gas Technology Company, a firm engaged in the central distribution of liquefied petroleum gas (LPG) in the Kingdom. The Ministry concluded that the acquisition “will not create a dominant position harmful to competition, nor will it alter the structure of the LPG distribution market. It is unlikely to harm current or potential competitors in the market. The transaction is expected to have positive economic effects by boosting local investment through new investments in Jordan’s energy sector, strengthening investor confidence in sector stability and sustainable growth, creating more efficient supply chains, improving the end-consumer experience, and generating new jobs in transport, operations, maintenance, and technical services through the expansion of company operations.”
Regarding Mansour Industrial Group’s request to acquire 100% of shares in Ksenoria Limited and Ondaro Limited—both registered under Cypriot law—which together hold 50.28% of the shares of Jordan Cement Factories Company according to the agreement with LafargeHolcim, the Ministry concluded that “the transaction will not create or reinforce a dominant position harmful to competition in the black cement industry. It is unlikely to harm existing competitors in the domestic market. The transaction is expected to have positive economic effects, including enhancing local investment, optimizing the use of available local resources, increasing exports, improving competitiveness with regional companies amid growing external demand, and creating direct and indirect job opportunities as company operations expand.”
Based on these assessments, the Minister of Industry and Trade issued decisions approving the completion of both acquisitions, in accordance with the powers granted under Article 11/A/1 of the Competition Law No. (33) of 2004 and its amendments.
The approvals reflect the role of the Competition Directorate in monitoring and regulating economic concentration processes, including mergers and acquisitions, as defined by the Competition Law.
It is noteworthy that in 2025, the Ministry handled 38 merger and acquisition cases, following the necessary legal procedures and taking appropriate actions.
