Commission Decision No. 16-M-014/2018 Acquisition by City Savings Bank, Inc. and Union Properties, Inc. of Shares in PETNET, Inc.   ABSTRACT: The transaction involves the proposed acquisition by City Savings Bank, Inc. (City Savings) and Union Properties, Inc. (Union Properties) from Aboitiz Equity Ventures, Inc. the shares representing 51 percent of the outstanding capital stock… continue reading ››

Commission Decision No. 015-M-013/2018 Acquisition by Udenna Corporation of Shares in KGL Investment B.V.   ABSTRACT: The Philippine Competition Commission (PCC) has approved the acquisition by Udenna Corporation (Udenna) of the entire outstanding capital stock of KGL Investment B.V. (KGLI-BV). KGLI-BV is a private limited liability company under KGL Investment Coöperatief UA, and is incorporated… continue reading ››

Commission Decision No. 014-M-015/2018 Joint Venture between Robinsons Land Corporation and Ideal Land Limited   ABSTRACT: Robinsons Land Corporation (“Robinsons Land”), Ideal Realm Limited (“Ideal Realm”) and Hongkong Land International Holdings Limited, the latter two companies both wholly-owned subsidiaries of Hongkong Land Holdings Limited (“Hongkong Land’) entered into a joint venture agreement. The parties have… continue reading ››

Commission Decision No. 13-M-011/2018 Acquisition by Alterpower Specialist, Inc. of Shares in Enfinity Philippines Renewable Resources Fourth, Inc.   ABSTRACT: The proposed transaction involves the acquisition by Alterpower Specialist, Inc. (Alterpower) of shares in Enfinity Philippines Renewable Resources Fourth, Inc. (EPRRI4). Alterpower is a domestic corporation authorized to engage in the development and operation of… continue reading ››

Commission Decision No. 12-M-010/2018 Acquisition by City Savings Bank, Inc. of Shares in Philippine Resource Savings Bank Corporation   ABSTRACT: City Savings Bank, Inc. (“City Savings”), the thrift banking arm of Union Bank of the Philippines, entered into a Share Purchase Agreement on 29 December 2017 (“Transaction”) with all of the common shareholders (the “Sellers”)… continue reading ››

Commission Decision No. 11-M-008/2018 Joint Venture between Robinsons Land Corporation and Shang Properties, Inc.   ABSTRACT: The proposed transaction is a joint venture between Robinsons Land Corporation and Shang Properties, Inc. to develop the 9,118-square meter property of Robinsons Land Corporation located at McKinley Parkway corner 5th Avenue, Bonifacio Global City, Taguig. The development will… continue reading ››

Commission Decision 10-M-009/2018 Joint Venture between Bases Conversion Development Authority and MTD Capital Bhd.   ABSTRACT: The proposed joint venture is set between Bases Conversion and Development Authority (BCDA) and MTD Capital Berhad for the financing, design, engineering, establishment, construction, and eventually the operation of the National Government Administrative Center (NGAC) in New Clark City. … continue reading ››