PRESS RELEASE 2018-011 3 July 2018   PCC: Trans-Asia deal voided and fined; Chelsea-2Go transaction cleared   The Philippine Competition Commission (PCC) nullified the acquisition by Chelsea Logistics Holdings Corp. of Trans-Asia Shipping Lines Inc. and imposed a P22.8M fine for their failure to notify the antitrust commission about the transaction in December 2016. The… continue reading ››

PRESS RELEASE 2018-009 28 May 2018   PCC flags competition concerns in Grab-Uber transaction    The Philippine Competition Commission (PCC) has flagged competition concerns in the market amid Grab’s takeover of its main rival Uber, citing price increases and service deterioration in the merged ride-hailing app. In its Statement of Concerns (SOC) published today, the… continue reading ››

PRESS RELEASE 2018-007 5 March 2018   PCC adjusts thresholds for compulsory M&A notifications   The Philippine Competition Commission (PCC) has recalibrated the thresholds for required notifications of mergers and acquisitions after careful evaluation of the actual notifications to date and to keep pace with recent developments in the economy.   In its Memorandum Circular No…. continue reading ››

PRESS RELEASE 2018-005 26 February 2018      PCC approves SMC Global Power’s acquisition of shares  in Masin-AES, AES Transpower and AES Philippines to add in power gen and retail electricity portfolio   The Philippine Competition Commission (PCC) has cleared the acquisition by SMC Global Power Holdings Inc of shares in Masin-AES Pte. Ltd., AES… continue reading ››

PRESS RELEASE 2018-004 22 February 2018   PCC approves 2 joint ventures: Ayala Land-Royal Asia Land for mixed-use project in Cavite; Markham-Alternergy for mini hydro projects in Ifugao   The Philippine Competition Commission (PCC) has approved two (2) joint venture transactions, one between Ayala Land Inc. and Royal Asia Land Inc., and another between Markham Resources Corporation and Alternergy Mini Hydro Holdings Corporation. In the Commission Decisions… continue reading ››

PRESS RELEASE 2018-003 19 February 2018   PCC rules on Udenna-KGLI transaction as 1st non-notification case    The Philippine Competition Commission (PCC) has fined Udenna Corporation and KGL Investment Cooperatief U.A. (KGLI Coop) the amount of P19.6 million, equivalent to 1% of the value of their merger transaction, which both companies failed to run by… continue reading ››