CCP approves LSE SPAC-I merger with Ningbo Greenlight Energy

Mettis Global reported that the Competition Commission of Pakistan has given its approval to the merger of LSE SPAC-I Limited, which trades on the PSX under the symbol SPAC1, into Ningbo Greenlight Energy Limited (NGLE). The information reached the exchange through a formal notification issued on September 1, 2026. The clearance covers a combination in which the listed SPAC merges into Ningbo Greenlight Energy.

The commission concluded that the deal neither produces nor reinforces market dominance within the relevant market. On that basis the transaction was authorised under the Competition Act, 2010, alongside the Competition (Merger Control) Regulations, 2016. In effect, the regulator has allowed the combination to proceed.

The notice does not describe the deal's consideration, timetable or any conditions, so those details are not covered here. For investors in SPAC1, the clearance is a regulatory step in the combination that was notified to the exchange.