The Philippine Competition Commission (PCC) said on Tuesday that the Gokongwei Group’s full takeover of convenience store chain Ministop Philippines no longer needs to undergo competition review. PCC Chairman Arsenio M. Balisacan said in a statement that the transaction is not expected to change the “economic behavior” of the firm…
The Gokongwei Group does not need to notify the antitrust watchdog of its complete takeover of the Ministop franchise in the Philippines as it already controls the majority stake in the convenience store chain.
The Philippine Competition Commission yesterday said there is no need for Robinsons Supermarket Corp. to notify the antitrust body of its buyout of its partner in convenience store chain Ministop Philippines.
After increasing its stake in Ministop Philippines to 100%, Robinsons Retail says it will still carry popular offerings like Uncle John's Fried Chicken