Commission Decision No. 30-M-024/2019: In the Matter of the Proposed Joint Venture between Pasay Harbor City Corporation and the City Government of Pasay

Commission Decision No. 30-M-024/2019: In the Matter of the Proposed Joint Venture between Pasay Harbor City Corporation and the City Government of Pasay   ABSTRACT: The City Government of Pasay, a highly urbanized city in Metro Manila, entered into a contractual Joint Venture Agreement (JVA) with Pasay Harbor City Corporation (Pasay Harbor City), a Special… continue reading ››

Commission Decision No. 25-M-022/2019 In the Matter of the Proposed Acquisition by Infineon Technologies AG of Shares in Cypress Semiconductor Corporation

Commission Decision No.25-M-022/2019 In the Matter of the Proposed Acquisition by Infineon Technologies AG of Shares in Cypress Semiconductor Corporation ABSTRACT: The proposed transaction involves a proposed merger between IFX Merger Sub Inc. (“IFX”), an indirectly wholly-owned subsidiary of Infineon Technologies AG (“Infineon”), and Cypress Semiconductor Corporation (“Cypress”), with Cypress as the surviving entity (the “Proposed Transaction”). Under… continue reading ››

Commission Decision No. 24-M-019/2019: In the Matter of the Proposed Acquisition by Metro Pacific Hospital Holdings, Inc. of Shares in Medical Doctors, Inc.

Commission Decision No. 24-M-019/2019: In the Matter of the Proposed Acquisition by Metro Pacific Hospital Holdings, Inc. of Shares in Medical Doctors, Inc.   ABSTRACT: The transaction involves the proposed acquisition by Metro Pacific Hospital Holdings, Inc. (MPHHI) of shares in Medical Doctors, Inc. (MDI), which in turn owns and operates Makati Medical Center. Pursuant to… continue reading ››

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

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.

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

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

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

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 ››

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

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. 15-M-010/2019: In the Matter of the Proposed Acquisition by Ayala Healthcare Holdings, Inc. of Shares in Negros Grace Pharmacy, Inc.

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 ››