Commission Decision No. 17-M-014/2020: Proposed Acquisition by Bank of Ayudhya Public Company Limited of Shares in SB Finance Company, Inc.  ABSTRACT The transaction involves the proposed acquisition by Bank of Ayudhya Public Company Limited (Bank of Ayudha) of 7,075,000 common shares of the capital stock of SB Finance Company, Inc (SB Finance) which in turn represents 50% of the… continue reading ››

PRESS RELEASE  012-2020 15 September 2020     PCC welcomes SC ruling for leveling playing field between local, foreign contractors    The Philippine Competition Commission (PCC) welcomes the Supreme Court’s (SC) ruling declaring certain anti-competitive regulations1 implementing the Contractors’ License Law unconstitutional, paving a level playing field for local and foreign firms to undertake construction activities in the… continue reading ››

PRESS STATEMENT PCC M&A Review Moratorium in the Bayanihan 2 Act 14 September 2020    As part of its response to the COVID-19 pandemic, the Bayanihan To Recover As One(Bayanihan 2) Act exempts from compulsory notification those mergers and acquisitions with transaction value of less than P50 billion which are entered into within two (2) years from… continue reading ››

Commission Decision No. 15-M-010/2020: Proposed Acquisition by Universal Robina Corporation of Assets of Central Azucarera de la Carlota Inc., Roxol Bioenergy Corporation, and Shares in Najalin Agri-Ventures, Inc.   ABSTRACT:  The proposed transaction involves the acquisition by Universal Robina Corporation (URC) of: (1) the sugar milling, and bio-ethanol distillery assets of Central Azucarera de la Carlota,… continue reading ››

Commission Decision No. 16-M-013/2020: Proposed Acquisition by DMC-Urban Property Developers, Inc. of Assets of PLDT, Inc.   ABSTRACT: The transaction involves the acquisition of DMC-Urban Property Developers, Inc. from PLDT, of two parcels of land with aggregate area of approximately 2,400 sqm together with improvements consisting of two buildings (Smart Tower I and II), located along Ayala… continue reading ››

Commission Decision No. 14-M-011/2020: Proposed Acquisition by Trident Water Company Holdings Inc. of Shares in Manila Water Company Inc.   ABSTRACT: The proposed transaction is the acquisition by Trident Water Company Holdings Inc. (Trident Water), a subsidiary company of Prime Metroline Holdings Inc. (PMHI), of a 51%-voting interest in Manila Water Company Inc. (Manila Water)…. continue reading ››

Commission Decision No. 13-M-007/2020: Proposed Acquisition by Aéroports de Paris SA of Shares in GMR Airports Limited   ABSTRACT: The proposed transaction involves the purchase by Aéroports de Paris SA (ADP), a French corporation, of a 24.01% stake in GMR Airports Limited (GMR). It follows the acquisition of a 24.99% indirect stake. Once the proposed… continue reading ››

Commission Decision No. 12-M-008/2020: Proposed Joint Venture between Asia Seal Pte. Limited and FastCargo Logistics Corporation   ABSTRACT: The transaction involves the proposed joint venture of Asia Seal Pte. Limited (Asia Seal) and FastCargo Logistics Corporation (FastCargo), where the proposed transaction will result in Asia Seal’s ownership of up to 40% of the share capital in FastCargo, and… continue reading ››

Commission Decision No. 11-M-009/2020: Proposed Acquisition by Century Properties Group, Inc. of Voting Shares in Century City Development II Corporation ABSTRACT: The transaction involves the acquisition of sole control by the Century Properties Inc. through Century Properties Group Inc. (“CPGI”) in Century City Development II Corporation (“CCDCII”). CCDCII, a corporation duly organized and existing under the laws… continue reading ››