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Aéroports de Paris-GMR deal and Asia Seal joint venture cleared by Philippine antitrust regulator

( August 20, 2020, 05:53 GMT | Official Statement) -- MLex Summary: Aéroports de Paris' acquisition of a 49 percent stake in Indian airport operator GMR Airports has been cleared by the Philippine Competition Commission. While Aéroports de Paris is not present in the country, GMR is involved in developing and operating the Mactan-Cebu International Airport. A joint venture between Asia Seal, owned by CVC Capital Partners Asia Pacific, and FastCargo Logistics has also been cleared by the regulator, after finding that it will not likely substantially reduce competition in the market for the distribution of fast-moving consumer goods to retailers nationwide.The commission's statement follows and the decisions are attached. ...

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