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The Philippine Competition Commission cleared the acquisition by Singapore-based Permafrost Investments GMF2 Pte. Ltd. of a majority stake in cold storage operator CAMP Resources Property Holdings, Inc
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The transaction was formalized on May 27, 2025 and approved by the PCC on August 27, 2025
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PCC said it found that the transaction is unlikely to substantially lessen competition, citing the presence of multiple providers and a fragmented market structure
The Philippine Competition Commission (PCC) has cleared the acquisition by Singapore-based Permafrost Investments GMF2 Pte. Ltd. of a majority stake in cold storage operator CAMP Resources Property Holdings, Inc.
The transaction, formalized on May 27, 2025 and approved by the PCC on August 27, 2025, involves Permafrost, a Singapore-based investment firm, acquiring control of CAMP Resources, a domestic holding company operating cold storage facilities in Rizal, Bulacan, Laguna, and Pangasinan.
PCC, in a press release, said it concluded in its evaluation “that the transaction is unlikely to substantially lessen competition, citing the presence of multiple providers and a fragmented market structure.”
“Following notification on June 3, 2025, the PCC Mergers and Acquisitions Office reviewed potential competition effects in the nationwide market for the supply and installation of rooftop solar panel systems for customers’ own commercial and industrial use,” the agency said.
PCC said the clearance confirms that sufficient competitive constraints exist in the relevant market and enables the parties to proceed with their strategic plans, consistent with the Commission’s mandate to promote fair, efficient, and competitive market outcomes.
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