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Philippines: Regulator approves Robinsons Retail’s acquisition of Rustan

 |  August 19, 2018

The Philippine Competition Commission (PCC) on Thursday, August 16, approved the acquisition by Robinsons Retail Holdings of shares in Rustan Supercenters Inc.

The acquisition will not result in a substantial lessening of competition in the relevant market, the PCC stated in its decision dated August. 16th.

“There are sufficient competitive constraints remaining from other market participants, post-transaction,” it stated.

Robinsons Retail earlier announced that the acquisition is in line with the Gokongwei group’s retail business expansion.

Full Content: Manila Standard

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