GASCO secures non-objection for JACKO Gases deal
National Gas and Industrialization Holding Co. (GASCO) obtained a no-objection certificate from the General Authority for Competition (GAC) to proceed with the acquisition of a 50% stake in JACKO Gases. 
According to a statement to Tadawul, the company is to complete the remaining regulatory procedures and will announce once the deal is finalized.
In March, GASCO signed an equity interest purchase agreement with the owner of JACKO Gases to acquire a 50% stake in the limited liability company, following a 100% capital increase, Argaam data showed.
The agreement value JACKO at SAR 125 million on a pre-acquisition basis.
JACKO’s activities include production, packaging, and distribution of industrial and medical gases, as well as associated logistics services.
GASCO secures non-objection for JACKO Gases deal
National Gas and Industrialization Holding Co. (GASCO) obtained a no-objection certificate from the General Authority for Competition (GAC) to proceed with the acquisition of a 50% stake in JACKO Gases.
According to a statement to Tadawul, the company is to complete the remaining regulatory procedures and will announce once the deal is finalized.
In March, GASCO signed an equity interest purchase agreement with the owner of JACKO Gases to acquire a 50% stake in the limited liability company, following a 100% capital increase, Argaam data showed.
The agreement value JACKO at SAR 125 million on a pre-acquisition basis.
JACKO’s activities include production, packaging, and distribution of industrial and medical gases, as well as associated logistics services.
