PCC raises M&A notification thresholds to PHP8.5B SOP, PHP3.5B SOT

The Philippine Competition Commission (PCC) has raised the minimum transaction value for mergers and acquisitions (M&As) that require notification to PHP8.5 billion for size of party (SOP) and PHP3.5 billion for size of transaction (SOT), effective March 1.

These thresholds are adjusted annually based on the previous year's nominal GDP growth, marking the eighth adjustment since the Philippine Competition Act was enacted in 2015.

The PCC noted that notifications filed before March 1 and ongoing M&A reviews will not be affected by this change.

To date, PCC has reviewed 328 transactions with an aggregate value of PHP6.27 trillion, primarily in manufacturing, financial and insurance, real estate, electricity and gas, and transportation and storage sectors.