Kuwait's Competition Agency Clears Eight Cross-Border Deals in a Single Session

On 5 July 2026 the Official Gazette (Kuwait Al-Youm, Issue 1798, pages 6 to 10 of the issue's second pagination sequence) published eight clearance decisions of the Board of Directors of the Competition Protection Agency (Decisions Nos. 67 to 74 of 2026). All eight were adopted at board meeting No. 114 held on 23 June 2026, signed on 28 June 2026, and approve economic concentrations under Law No. 72 of 2020 on the Protection of Competition and its Executive Regulations (Decision No. 14 of 2021). The cleared transactions are:

·       Decision 67/2026: Motion JV Co Limited's acquisition of 100% of Castrol Group Holdings Limited (file CPACNM000222026), the vehicle for Stonepeak's publicly reported 65/35 joint venture with bp over the Castrol lubricants business.

·       Decision 68/2026: Lin Yin International Investments Ltd, wholly owned by Hon Hai Precision Industry (Foxconn), acquiring 50% of Mitsubishi Fuso Bus Manufacturing Ltd from Mitsubishi Fuso Truck and Bus Corporation (file CPACNM000252026).

·       Decision 69/2026: Kimberly-Clark Corporation's acquisition of all shares of Kenvue Inc. through the merger of Vista Sub 1 Inc. and Vista Sub 2 LLC with Kenvue (file CPACNM000142026).

·       Decision 70/2026: Prince Sub, owned by Paramount Skydance Corporation (USA), acquiring 100% of Warner Bros. Discovery Inc. (file CPACNM000172026).

·       Decision 71/2026: Volkswagen Finance Luxembourg S.A., through Europcar Holding Luxembourg S.A., acquiring a further 27% of Green Mobility Holding S.A., raising its stake to 93% and achieving sole control (file CPACNM000192026).

·       Decision 72/2026: East Gate Games Investment Company (Saudi Arabia) acquiring 100% of Moonton Holding Ltd (Cayman Islands) and 100% of Shanghai Muton Technology Co. from ByteDance Ltd (file CPACNM000202026).

·       Decision 73/2026: Dubai Aerospace Enterprise (DAE), through DAE Aircam Designated Activity Company, acquiring all shares of Macquarie AirFinance Ltd (file CPACNM000212026).

·       Decision 74/2026: Turkish Airlines (Türkiye) acquiring 26.95% of Air Europa Holding (Spain) (file CPACNM000242026).

All eight approvals were published without conditions. None of the target businesses is incorporated in Kuwait: the batch confirms the Agency's steady throughput on foreign-to-foreign transactions that meet the Kuwaiti filing thresholds.

WEFAQ's view: parties to international M&A with sales into Kuwait should treat a Kuwaiti filing as a standing item on the global merger-control checklist, not an afterthought.

Source: Kuwait Al-Youm, Issue 1798, pages 6 to 10 (second pagination sequence), dated 5 July 2026 (Decisions Nos. 67 to 74 of 2026, signed 28 June 2026).

This article is provided for general information only and does not constitute legal advice. For advice specific to your circumstances, please contact WEFAQ Law Firm.