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PCC clears Mitsubishi’s P18.4-B deal for indirect GCash stake

31 July 2025
in Business
Reading Time: 2 mins read
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PCC clears Mitsubishi’s P18.4-B deal for indirect GCash stake
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THE PHILIPPINE Competition Commission (PCC) has approved Ayala Corp.’s sale of 50% of its stake in AC Ventures Holding Corp. (ACV) to Japan’s Mitsubishi Corp. for P18.4 billion.

The competition watchdog found that Mitsubishi’s investment in ACV would not “significantly reduce” competition in the market for quick response (QR) code-based person-to-merchant digital payments, the PCC said in an e-mailed statement on Thursday.

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