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

ABS-CBN News

Posted at Aug 17 2018 03:13 PM

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.

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