Acquisition by Lotte Chilsung of shares in Pepsi Philippines can move on
Topics: LOTTE PEPSI PHILIPPINES
This is because post-transaction, sufficient competitive constraints remain from other participants in the market for the supply of carbonated soft drinks, non-carbonated beverages, and bottled water within the Philippines.
Moreover, the transaction will not likely give the Parties an increased ability or incentive to engage in input and customer foreclosure in the global market for supply of Polyethylene Terephtalate (PET) resins and the national market for distribution of non-alcoholic beverages.
Accordingly, the Commission resolves to take no further action with respect to the proposed Transaction between Lotte Chilsung and Pepsi Philippines.
This Decision is rendered solely on the basis of the facts disclosed and circumstances of the proposed Transaction and documents submitted by Lotte Chilsung and Pepsi Philippines. ■