Commission Decision No. 36-M-035/2018: Acquisition by Coca-Cola South Asia Holdings, Inc. and Coca-Cola Holdings (Overseas) Limited of Shares in Coca-Cola FEMSA Philippines, Inc.   ABSTRACT: The proposed transaction is the acquisition by Coca-Cola South Asia Holdings, Inc. and Coca-Cola Holdings (Overseas) Limited of the 51% stake in the Coca-Cola FEMSA Philippines, Inc. (CCFPI) held by… continue reading ››

Commission Decision No. 34-M-032/2018:  Acquisition by ORIX Aviation Systems Limited of Shares in Avolon Holdings Limited   ABSTRACT: The proposed transaction involves the acquisition by ORIX Aviation Systems Limited (OAS) of Avolon Holdings Limited where under the terms of the Share Purchase Agreement signed on 8 August 2018 between, among others, OAS and Avolon’s trust Bohai… continue reading ››

Commission Decision No. M-33-028/2018: Acquisition by The Walt Disney Company of Shares in Twenty-First Century Fox, Inc.   ABSTRACT: The proposed transaction is the acquisition by The Walt Disney Company (Walt Disney Co.) of Twenty-First Century Fox, Inc. (Fox) worth US$71.3 Billion, after the spin-off of a portfolio of Fox’s news, sports, and broadcast businesses,… continue reading ››

PRESS RELEASE 2018-017 17 October 2018   PCC fines Grab, Uber P16M for violating Interim Measures Order   The Philippine Competition Commission (PCC) has fined a total of P16M on Grab Philippines and Uber for violating key provisions of the Interim Measures Order (IMO) during the merger review period of the antitrust authority. The IMO… continue reading ››

PRESS RELEASE 2018-016 10 October 2018   PCC: Udenna notifies TransAsia deal, commits to address competition concerns in TransAsia and 2Go transactions   The Philippine Competition Commission (PCC) has received the notification by Udenna Corporation and Trans-Asia Shipping Lines, Inc. on September 21, 2018 and will commence Phase 1 review today. The deal was earlier… continue reading ››

Commission Decision No. 31-M-027/2018: Acquisition by SYNNEX Corporation of Shares in Convergys Corporation   ABSTRACT: The proposed transaction involves the acquisition by SYNNEX Corporation (SYNNEX) of 100% of Convergys Corporation’s (Convergys) outstanding voting shares for USD26.50 per share, in consideration of the payment by SYNNEX of cash in the amount of USD13.25 per share and… continue reading ››

PRESS RELEASE 2018-014 2 October 2018 PCC approves joint venture between Rockwell Land and Carmelray Holdings for S. Luzon luxury residential dev’t project  The Philippine Competition Commission (PCC) has approved the joint venture between Rockwell Land Corporation, Carmelray Property Holdings, Inc., San Ramon Holdings, Inc. CVY Property Holdings, Inc., and other individual proprietors. The other investors… continue reading ››

Guidelines on Notification of Joint Ventures   The Mergers and Acquisitions Office (MAO) of the Philippine Competition Commission (PCC) implements the Guidelines on Notification of Joint Ventures in order to offer clarification and explanation with regard to (i) joint ventures; and (ii) the application of the thresholds under the Implementing Rules and Regulations to joint ventures…. continue reading ››