Antitrust body OKs Robinsons Retail's acquisition of Rustan Supercenter shares | ABS-CBN

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Antitrust body OKs Robinsons Retail's acquisition of Rustan Supercenter shares

Antitrust body OKs Robinsons Retail's acquisition of Rustan Supercenter shares

ABS-CBN News

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Inside a Rustan's Supermarket Photo: Rustan's Facebook Page

MANILA - The Philippine Competition Commission on Friday approved the acquisition by Robinsons Retail Holdings Inc of shares in Rustan Supercenters Inc.

The acquisition does not result in a substantial lessening of competition in the relevant market, the Philippine Competition Commission said in its decision dated Aug. 16th.

"There are sufficient competitive constraints remaining from other market participants, post-transaction," it said.

Robinsons Retail earlier said the acquisition is in line with the Gokongwei group's retail business expansion.

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-- with a report by Warren De Guzman, ABS-CBN News.

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