Transactional, Mergers and Acquisitions

Adjustment of the Thresholds for Compulsory Notification of Mergers and Acquisitions

The Philippine Competition Commission has adjusted the compulsory notification thresholds for mergers and acquisitions (a) from Php5,000,000,000 to Php5,600,000,000 for the Size of Person, and (b) from Php2,000,000,000 to Php2,200,000,000 for the Size of the Transaction.

The adjusted thresholds shall apply to definitive agreements of mergers and acquisitions executed on March 01, 2019 onwards.

The adjusted thresholds shall not apply to:

(a) Mergers and acquisitions pending review by the Commission;

(b) Notifiable transactions consummated before March 01, 2019; and

(c) Transactions already subject of a decision by the Commission.

To read the entire PCC Advisory No. 2019-01, click here.


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