Transactional, Mergers and Acquisitions

Re-Adjusted Merger Notification Thresholds (as amended on 01 March 2023)

In Commission Resolution No. 02-2020 dated 11 February 2020, the Philippine Competition Commission modified Memorandum Circular No. 18-001 and increased the notification thresholds for mergers and acquisitions as follows:

PCC Advisory No. 2019-001*

Commission Resolution

No. 02-2020

Size of Party

Exceeds Five Billion Six Hundred Million Pesos


Exceeds Six Billion Pesos (Php6,000,000,000)

Size of Transaction

Exceeds Two Billion Two Hundred Million Pesos


Exceeds Two Billion Four Hundred Million Pesos (Php2,400,000,000)

The new thresholds shall take effect on 01 March 2020.

The adjusted threshold for Size of Transaction shall also apply to joint venture transactions.

Click here to read the entire PCC Commission Resolution No. 02-2020.

*This corrects the earlier reference from MC No. 18-001 to PCC Advisory No. 2019-001.

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).

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