The acquisition of cooking gas supplier IGL has concentrated around 80 per cent of the market in the hands of Massy Group, enough to raise concerns about market dominance, but Jamaica’s Fair Trading Commission, FTC, has decided not to object to the.
TRINIDAD-BASED conglomerate Massition of IGL Limited will put it in a position to abuse the market for liquified petroleum gas (LPG), saying it "is fully committed to fair and open competition".
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MASSY Holdings has announced its intention to acquire IGL, using its Massy Gas Products Holdings subsidiary to effect the deal.
The Trinidad-based company said its board on Monday approved the ac.