ICCC gives clearance to JAS UK Holdings Limited to acquire Pentagon Holdings Limited
The Independent Consumer and Competition Commission (ICCC) has given clearance to JAS UK Holdings Limited (JAS Holding) to proceed with its proposal to acquire Pentagon Holdings Limited (PHL) on 8th September 2025, after finding no substantial competition concerns in any markets in Papua New Guinea (PNG).
Both JAS Holdings and PHL are companies incorporated in the United Kingdom and operate in the freight forwarding and logistics services industry at the global level. However, JAS does not operate in PNG, while PHL has operations here through its subsidiary, Pentagon Freight Services (PNG) Limited (Pentagon PNG).
As part of a global transaction, JAS Holding will acquire 100 percent of the issued share capital of PHL and its subsidiaries, including Pentagon PNG. This means Pentagon PNG will become part of the JAS group of companies but will continue to operate in PNG.
ICCC’s Acting Chief Executive Officer, Mr. Brian Ivosa, said after considering all available information, the ICCC concluded that since JAS does not currently operate in PNG, the proposed acquisition would not have, or would not be likely to have, the effect of substantially lessening competition in any domestic market.
“Post-Acquisition, Pentagon will continue to provide freight and logistics services in PNG, so customers will see no change or loss of choice in the market. The ICCC has therefore, given Clearance for the parties to proceed with the proposed acquisition,” Mr. Ivosa said.
A copy of the ICCC’s Determination can also be accessed on our website: www.iccc.gov.pg, or provided upon request. Copies are also available at the ICCC’s Head Office, Level 2, Boroko Post Office Building, Port Moresby.