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Antitrust body OKs Robinsons Retail's acquisition of Rustan Supercenter shares

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2018/business/08/17/20180817-rustans-supermarket.jpg?ext=.jpg"/><figcaption>Inside a Rustan&#x27;s Supermarket <em>Photo: Rustan&#x27;s Facebook Page</em></figcaption></figure></div><p>MANILA - The Philippine Competition Commission on Friday approved the acquisition by Robinsons Retail Holdings Inc of shares in Rustan Supercenters Inc.</p><p>The acquisition does not result in a substantial lessening of competition in the relevant market, the Philippine Competition Commission said in its decision dated Aug. 16th.</p><p>&quot;There are sufficient competitive constraints remaining from other market participants, post-transaction,&quot; it said. </p><p>Robinsons Retail earlier said the acquisition is in line with the Gokongwei group&#x27;s retail business expansion.</p><div><strong>-- with a report by Warren De Guzman, ABS-CBN News.</strong></div><ul class="op-related-articles">	<li><a href="http://news.abs-cbn.com/business/03/23/18/robinsons-retail-to-acquire-stake-in-rustan-supercenters">Robinsons Retail to acquire stake in Rustan Supercenters </a></li></ul>

<p>The Philippine Competition Commission on Friday approved the acquisition by Robinsons Retail Holdings Inc of shares of Rustan Supercenters Inc.<br /> </p>

The Philippine Competition Commission on Friday approved the acquisition by Robinsons Retail Holdings Inc of shares of Rustan Supercenters Inc.