Wednesday 20 June 2018
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4 months ago

Antitrust body approves 2 joint-venture deals

The Philippine Competition Commission (PCC) has cleared two joint-venture projects related to real estate development and hydropower, with one of the parties being the Ayala group. In a statement, the PCC said its mergers and acquisitions office found that the two partnerships---that of Ayala Land Inc. and Royal Asia Land Inc. as well as that of Markham Resources Corp. and Alternergy Mini Hydro Holdings Corp.---would not result in the substantial lessening of competition in their respective markets.

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