Transactional, Mergers and Acquisitions

Adjustment of the Thresholds for Compulsory Notification of Mergers and Acquisitions (as amended on 01 March 2023)

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.

This article has been amended by the article Latest 2023 Notification Thresholds for Mergers and Acquisitions under the Philippine Competition Act (as of 01 March 2023).

Disclaimer: The information in this website is provided for general informational purposes only. No information contained in this post should be construed as legal advice from Platon Martinez or the individual author, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through this post without seeking the appropriate legal or other professional advice on the particular facts and circumstances.