Lima Land, House of Investments deal gets PCC clearance

MANIILA, Philippines — The Philippine Competition Commission (PCC) has cleared a proposed joint venture between Lima Land Inc. and House of Investments Inc. In a statement on Friday, the antitrust watchdog said it found no competition concerns in the deal, which would give Lima Land, a subsidiary of Aboitiz InfraCapital, Inc., a 49-percent stake in Tarlac Terra Ventures. READ: PCC clears DoubleDragon’s entry into grocery business via MerryMart House of Investments will retain majority ownership at 51 percent.  “The parties’ combined market share remains minimal, and the presence of established competitors with larger market positions collectively prevents the exercise of […]... Keep on reading: Lima Land, House of Investments deal gets PCC clearance