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No PCC approval needed for Grab acquisition of Move It

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Philippine Star

Catherine Talavera – The Philippine Star October 19, 2022 | 12:00am MANILA, Philippines — The Philippine Competition Commission (PCC) said Grab Philippines’ acquisition of Move It does not require its approval as the transaction did not breach the threshold for compulsory notification. In a statement yesterday, PCC OIC chairperson Johannes Bernabe said the parties do not need to wait for the commission’s approval to consummate the transaction. “Publicly available information suggests that the transaction was entered into by the parties when the P50 billion notification thresholds under Republi…

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