Tag: Philippine Competition Commission
Manila, Philippines – The Philippine Competition Commission (PCC) has revised the thresholds that determine when mergers and acquisitions must be reported, with the Size of Party (SOP) threshold increased from 8.5B (USD $141.4m) to 9.1B (USD $151.4), while the Size of Transaction (SOT) threshold rose...
Manila, Philippines – Universal Robina Corporation (URC) is selling a 21% stake in its instant noodle joint venture, Nissin Universal Robina Corporation (NURC), to Nissin Foods Asia Co., Ltd. (NFA). Once completed, NFA will hold a 70% majority stake, leaving URC with 30%. The deal, approved by URC’s...
Manila, Philippines – The Philippine Competition Commission (PCC) has cleared the proposed acquisition by Avon International Limited of 100% of the shares of Natura & Co. UK Holdings Limited, stating that the transaction does not raise competition concerns. According to the PCC’s Mergers and Acquisitions...
Manila, Philippines — The Philippine Competition Commission (PCC) has approved the proposed merger between two non-life insurers, FPG Insurance Co. Inc. and The Mercantile Insurance Company, Inc., after concluding that the transaction is unlikely to lessen competition in the insurance market substantially....
The regulator also pointed out that the retail sector in which MAPI operates remains highly competitive, with numerous players providing adequate consumer choice.
Manila, Philippines – Anticipating continued competition in the food service and agribusiness sectors, the Philippine Competition Commission (PCC) has given its approval to the proposed acquisition of a controlling stake in TBG Food Holdings, Inc. (TBG Holdings) by Inoza Business Holdings, Inc. (Inoza)....
In a text advisory sent out to its users, Sky Cable said that it will officially discontinue its cable TV business following its last broadcast day and in anticipation of the PLDT acquisition.
In a recent stock filing by PLDT, the company clarified that PCC has yet to conclude its review process of the proposed merger.
A spokesperson for Grab Philippines said that while they are surprised with the new fine PCC has given them, they are glad that the PCC has finally come to a decision on the disbursement mechanism for the remaining administrative fees.
PCC has slapped Grab Philippines a new ₱9m fine (~US$160k) amidst delays in its refund to customers. This is more than three years after the PCC first ordered the reimbursement to Grab.
