CCI approves Ecom stake acquisition by PG Esmeralda
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Last updated : January 13, 2021 9:40 am
The proposed combination envisages acquisition of stake in Ecom Express Private Limited by PG Esmeralda Pte. Limited (PG Esmeralda).
The Competition Commission of India (CCI) has approved the acquisition of stake in Ecom, a company incorporated in India providing third party logistics services (3PL) in India, by PG Esmeralda.
The proposed combination envisages acquisition of stake in Ecom Express Private Limited by PG Esmeralda Pte. Limited (PG Esmeralda).
PG Esmeralda is controlled by investment entities that are ultimately controlled by Partners Group AG or its affiliates (Partners Group). Partners Group is said to be a global private market investment manager, headquartered in Switzerland.
The company invests in a variety of companies in sectors such as IT and IT enabled services, healthcare, real estate, consumer products, banking and non-banking financial services.