Commission Decision No. 39-M-040-2018: Acquisition by Kepco Philippines Holdings, Inc. of Shares in Solar Philippines Calatagan Corporation

Commission Decision No. 39-M-040-2018: Acquisition by Kepco Philippines Holdings, Inc. of Shares in Solar Philippines Calatagan Corporation   ABSTRACT: The proposed transaction involves the acquisition of KPHI, a wholly-owned corporation of Korea Electric Power Corporation, of a 38% equity interest in SPCC (the “Transaction”). SPCC has been established to develop, finance, design, engineer, construct, complete,… 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.

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 ››

Commission Decision No. 27-M-025/2018: Acquisition by Citicore Renewable Energy Corporation of Shares in Enfinity Philippines Renewable Resources Inc.

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 ››

PCC binds Grab to service quality, price conditions for Uber takeover

PRESS RELEASE 2018-014 10 August 2018   PCC binds Grab to service quality, price conditions for Uber takeover   The Philippine Competition Commission (PCC) subjected Grab’s acquisition of Uber in the Philippines to service quality and pricing standards in clearing the transaction. These conditions for clearance were part of the voluntary commitments signed by Grab… continue reading ››

PCC: Trans-Asia deal voided and fined; Chelsea-2Go transaction cleared

PRESS RELEASE 2018-011 3 July 2018   PCC: Trans-Asia deal voided and fined; Chelsea-2Go transaction cleared   The Philippine Competition Commission (PCC) nullified the acquisition by Chelsea Logistics Holdings Corp. of Trans-Asia Shipping Lines Inc. and imposed a P22.8M fine for their failure to notify the antitrust commission about the transaction in December 2016. The… continue reading ››

Commission Decision No. 18-M-017/2018 Acquisition by United Technologies Corporation of Shares in Rockwell Collins, Inc.

Commission Decision No. 18-M-017/2018 Acquisition by United Technologies Corporation of Shares in Rockwell Collins, Inc.   ABSTRACT: United Technologies Corp., based in Farmington, Connecticut, USA, a provider of high technology products and services to the building and aerospace industries, has proposed to acquire shares of Rockwell Collins, Inc. from Rockwell Collins shareowners. Rockwell Collins, based… continue reading ››

Commission Decision No. 17-M-016/2018 Acquisition by Maple Acquisition Corporation (Microchip Technology Incorporated) of Shares in Microsemi Corporation

Commission Decision No. 17-M-016/2018 Acquisition by Maple Acquisition Corporation (Microchip Technology Incorporated) of Shares in Microsemi Corporation   Microchip Technology Incorporated (Microchip) and Microsemi Corporation (Microsemi) have signed a definitive agreement pursuant to which Microchip, through Maple Acquisition Corporation, a wholly-owned and controlled subsidiary and a purpose-built investment vehicle of Microchip, will acquire Microsemi for… continue reading ››

Commission Decision No. 16-M-014/2018 Acquisition by City Savings Bank, Inc. and Union Properties, Inc. of Shares in PETNET, Inc.

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 ››