Commission Decision No. 20-M-005/2019: In the Matter of the Proposed Acquisition by GlaxoSmithKline Consumer Healthcare Holdings Ltd. of Pfizer Inc.’s Consumer Healthcare Business ABSTRACT The transaction involves the proposed acquisition by GlaxoSmithKline Consumer Health Holdings Ltd. (“GSK CH”) of Pfizer Inc.’s (“Pfizer”) Consumer Healthcare business (“Pfizer CH”). GSK CH, the acquiring entity, is an indirect… continue reading ››

Commission Decision No. 22-M-017/2019: In the Matter of the Proposed Redemption by Property Company of Friends, Inc. of Shares from GT Capital Holdings, Inc.   ABSTRACT: The transaction involves the redemption of GT Capital Holdings, Inc. (GT Capital) of Series A Preferred Shares equivalent to 51% stake in Property Company of Friends, Inc. (Pro-Friends) in… continue reading ››

Commission Decision No. 21-M-015/2019: In the Matter of the Proposed Acquisition by Saudi Arabian Oil Company of Shares in Saudi Basic Industries Corporation   ABSTRACT: The transaction involves the proposed acquisition by Saudi Arabian Oil Company (Saudi Aramco) intends to acquire sole control of Saudi Basic Industries Corporation (SABIC) by way of acquisition of 70% of SABIC’s… continue reading ››

Commission Decision No. 19-M-016/2019: In the Matter of the Proposed Joint Venture Between the Bases Conversion and Development Authority and Meralco-Marubeni Consortium for the Smart Distribution Electricity Infrastructure in New Clark City   ABSTRACT:  The proposed transaction involves the incorporation of a joint venture company arising from the partnership between Bases Conversion and Development Authority (BCDA)… continue reading ››

COMMISSION DECISION NO. 18-M-013/2019:  In the Matter of the Proposed Acquisition by East West Banking Corporation of the Philippine Bank of Communications’ Auto Loan Portfolio   ABSTRACT; The Philippine Competition Commission (PCC) has approved the acquisition by East West Banking Corporation (East West) of the auto loan portfolio of Philippine Bank of Communications (PBCom). The… continue reading ››

PRESS RELEASE 2019-008 11 June 2019   PCC eases merger review to 15 days on qualified transactions In line with the government’s move to ease doing business in the country, the Philippine Competition Commission (PCC) is offering a fast-track review route for qualified merger and acquisition transactions.  In a Commission Resolution issued on May 28,… continue reading ››

Commission Decision No. 17-M-014/2019: In the Matter of the Proposed Acquisition by JACCS Co., Ltd. of Shares in Mitsubishi Auto Financial Services Corporation   ABSTRACT: The proposed transaction is an acquisition by JACCS Co., Ltd. (JACCS) of shares of stock in MMPC Auto Financial Services Corporation (MAFS) currently owned by BDO Leasing and Finance, Inc. (BDOLF)… continue reading ››

Commission Decision No. 16-M-012/2019: In the Matter of the Proposed Acquisition by Ayala Healthcare Holdings, Inc. of Shares in Actimed, Inc.   ABSTRACT: Ayala Healthcare Holdings, Inc. (AHHI) and Actimed, Inc. (Actimed) entered into a Conditional Subscription Agreement where AHHI stands to subscribe to an additional 706,579 common shares of Actimed, resulting in AHHI’s increase… continue reading ››

Commission Decision No. 15-M-010/2019: In the Matter of the Proposed Acquisition by Ayala Healthcare Holdings, Inc. of Shares in Negros Grace Pharmacy, Inc.   ABSTRACT: The proposed transaction is the acquisition by Ayala Healthcare Holdings, Inc. (AHHI) of 75% of the outstanding capital stock of Negros Grace Pharmacy, Inc. (Negros Grace) from Jasminum Corporation (JC),… continue reading ››