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
Published Aug 17, 2018 03:13 PM PHT
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MANILA - The Philippine Competition Commission on Friday approved the acquisition by Robinsons Retail Holdings Inc of shares in Rustan Supercenters Inc.
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.
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.
"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.
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.
-- with a report by Warren De Guzman, ABS-CBN News.
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