Antitrust monitor discusses Universal Robina, Chelsea reviews


Posted at Jan 25 2019 04:21 PM

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MANILA -- Philippine Competition Commission Chairman Arsenio Balisacan explains its review of transactions involving Universal Robina Corp and Chelsea Logistics.

The antitrust monitor rejected voluntary commitments submitted by URC over its planned acquisition of Central Azucarera de San Pedro. Balisacan says this means the PCC will proceed with its review over alleged violation of competition laws.

The PCC is reviewing more routes that will be affected by Chelsea's planned acquisition of Trans-Asia Shipping Lines Inc, he says.