MANILA, Philippines – The Mergers and Acquisitions Office of the Philippine Competition Commission raised concerns thatmight lead to monopoly in the grey cement industry.
Holcim Philippines, on the other hand, manufactures, sells, and distributes cement and related aggregates with 8 cement facilities in the Philippines.San Miguel Equity Investments, through another company under it called First Stronghold, was set to acquire 85.7% or 5,531,566,062 common shares of Holcim Philippines.
In Greater Metro Manila, Central Luzon, and Northeast Luzon, the transaction results in high combined market shares, allowing Top Frontier to control a majority of the supply in these areas.
Sen Pacman pasok! 👍
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