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MANILA - The Philippine Competition Commission (PCC) has set provisional thresholds for merger and acquisition (M&A) notification at PHP6.1 billion for Size of Party (SoP) and PHP2.5 billion for Size of Transaction (SoT). The provisional threshold is effective Sept. 16, after the Bayanihan to Recover as One (Bayanihan 2) expired on Sept. 15, which set a temporary threshold of PHP50 billion for compulsory M&A notification amid the pandemic. "Starting September 16, 2022, mergers and acquisitions that reach a Size of Party of PHP6.1 billion and a Size of Transaction of PHP2.5 billion will have to be notified to the PCC for mandatory merger review," the antitrust body said in a statement Friday. The PCC said the SoP is the aggregate value of assets in the Philippines of the ultimate entity of one of the parties to a transaction. The SoT, on the other hand, is the value of assets or revenues of the acquired entity and the entities it controlled. In 2020, thresholds for SoP

Quezon cityParty soPhilippine competition commissionManila the philippine competition commission pcc has set provisional thresholds for merger and acquisitionm ampa notification at php6 1 billion size of party sop php2 5 transaction sot threshold is effective sept 16Fter the bayanihan to recover as one 2 expired on sept 15Hich seta temporary threshold of php50 billion for compulsorym ampa notification amid the pandemic quot starting september 16Ergers and acquisitions that reacha size of party php6 1 billion anda transaction php2 5 will have to be notified the pcc for mandatory merger reviewUot the antitrust body said ina statement friday pcc sop is aggregate value of assets in philippines ultimate entity one parties toa transaction sotN the other handS the value of assets or revenues acquired entity and entities it controlled in 2020Hresholds for sop were set at php6 billion and php2 4 sot the pcc reviews threshold compulsorym ampa notification annually taking into account country 39s inflation gross domestic product gdp performance quot under two year effectivity of thresholds bayanihan 2He pcc received notifications of nine transactionsIx of which were approvedNd three withdrawnUot it added since its inception in 2015Cc receiveda total of 227m ampa notifications