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 ››

  Call for Comments: Acquisition by Universal Robina Corporation of Assets of Central Azucarera Don Pedro Inc. and Roxas Holdings Inc.   The Philippine Competition Commission (PCC) invites stakeholders, sugar millers, sugar producers, farmers, and interested individuals to submit comments on the acquisition by Universal Robina Corporation (URC) of assets of Central Azucarera Don Pedro, Inc. (Don Pedro)  and… continue reading ››

Commission Decision No. 29-M-026/2018: Acquisition by AXA S.A. through Camelot Holdings Ltd. of Sole Control over XL Group Ltd.   ABSTRACT: The transaction consists in the proposed acquisition by AXA Société Anonyme (AXA S.A.), through its wholly-owned subsidiary, Camelot Holdings Ltd. (Camelot), of sole control over XL Group Ltd. (XL Group). The Merger Agreement provides that,… continue reading ››

PCC Inputs on the Third Telco Terms of Reference (based on 8 August 2018 draft)  Key Points: Definition of Related Party Prohibition on Mergers, Combinations or becoming a Related Party with a Dominant Telco Voluntary Return of Frequencies should it become a Related Party with a Dominant Telco Monitoring and Performance Evaluation through Information Sharing… continue reading ››

Commission Decision No. 28-M-024/2018: Acquisition by Robinsons Retail Holdings Inc. of Shares in Rustan Supercenters Inc.   ABSTRACT: The transaction involves the acquisition by Robinsons Retail Holdings, Inc. (RRHI) of 100% of the issued and outstanding capital shares in Rustan Supercenters, Inc. (RSCI). RRHI will acquire all the issued and outstanding capital shares of RSCI… continue reading ››

Commission Decision No. 27-M-025/2018: Acquisition by Citicore Renewable Energy Corporation of Shares in Enfinity Philippines Renewable Resources Inc.   ABSTRACT: The transaction involves the acquisition by Citicore Renewable Energy Corporation (CREC) of the entire issued and outstanding capital stock of Enfinity Philippines Renewable Resources Inc., (EPRRI) from Lumos Investment Pte. Ltd. and Mabalacat Solar Inc…. continue reading ››