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Philippines: Regulator approves Robinsons Retail’s acquisition of Rustan

By  |  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.

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    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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