PCC blocks sugar mill merger

By Tyrone Jasper C. Piad

Feb 15, 2019 12:25 am

URC takeover of Batangas rival to create monopoly, harm planters – competition authorities

Competition authorities have rejected Universal Robina Corp.’s (URC) bid to take over Roxas Holdings, Inc.’s (RHI) Central Azucarera Don Pedro Inc.(Cadpi), ruling that the deal would lead to a monopoly in the Southern Luzon sugar market.

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