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News Philippine Competition Commission to keep review of Holcim Philippines divestment separate from competition probe

Philippine Competition Commission to keep review of Holcim Philippines divestment separate from competition probe

Written by Global Cement staff 12 July 2019
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Philippines: The Philippine Competition Commission says that its investigation on alleged violations of competitive practice by the cement industry will be kept separate from a review of the acquisition of Holcim Philippines by San Miguel Corporation. The commission made the statement in a reply to questions raised by consumer group Laban ng Konsyumer, according to the Manila Bulletin newspaper. However, the commission’s Mergers and Acquisitions Office said that, although both cases are being considered independently, this would not preclude them from considering the pre-merger activities of the companies.

Last modified on 17 July 2019
Published in Global Cement News
Tagged under
  • Philippines
  • Philippine Competition Commission
  • Investigation
  • Holcim Philippines
  • San MIguel
  • Divestments
  • Acquisition
  • GCW414
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