Corporate
Latest 2023 Notification Thresholds for Mergers and Acquisitions under the Philippine Competition Act (as of 01 March 2023)
In PCC Memorandum Circular No. 04-2023, No. 02-2020 dated 16 February 2023, the Philippine Competition Commission modified and increased the notification thresholds for mergers and acquisitions.
MC No. 18-001 | PCC Advisory No. 2019-001 | Commission Resolution No. 02-2020 | MC No. 04-2023 | |
Size of Party | Exceeds Five Billion Pesos (Php5,000,000,000) | Exceeds Five Billion Six Hundred Million Pesos (Php5,600,000,000) | Exceeds Six Billion Pesos (Php6,000,000,000) | Exceeds Seven Billion Pesos (Php7,000,000,000) |
Size of Transaction | Exceeds Two Billion Pesos (Php2,000,000,000) | Exceeds Two Billion Two Hundred Million Pesos (Php2,200,000,000) | Exceeds Two Billion Four Hundred Million Pesos (Php2,400,000,000) | Exceeds Two Billion Nine Hundred Million Pesos (Php2,900,000,000) |
Date of Effectivity | 01 March 2018 | 01 March 2019 | 01 March 2020 | 01 March 2023 |
Parties to a merger or acquisition shall be required to notify in compliance with Section 17 of the Philippine Competition Act (PCA) when the above adjusted Size of Party and Size of Transaction thresholds are met.
The adjusted threshold for Size of Transaction shall also apply to joint venture transactions.
Click here to read the entire PCC Memorandum Circular No. 04-2023.
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