Philippines: The Philippine Competition Commission says that its investigation on alleged violations of competitive practice by the cement industry will be kept separate from a review of the acquisition of Holcim Philippines by San Miguel Corporation. The commission made the statement in a reply to questions raised by consumer group Laban ng Konsyumer, according to the Manila Bulletin newspaper. However, the commission’s Mergers and Acquisitions Office said that, although both cases are being considered independently, this would not preclude them from considering the pre-merger activities of the companies.
Philippine Competition Commission to keep review of Holcim Philippines divestment separate from competition probe
URL: https://www.globalcement.com/news/item/9551-philippine-competition-commission-to-keep-review-of-holcim-philippines-divestment-separate-from-competition-probe
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