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SM Retail's purchase of Goldilocks cleared by Philippine competition regulator despite concerns

( January 10, 2018, 03:53 GMT | Official Statement) -- MLex Summary: The Philippine Competition Commission has approved the proposed acquisition of Goldilocks Bakeshop by SM Retail, which is part of the SM group that owns the country’s largest shopping mall and retail operator SM Prime Holdings. SM submitted a voluntary comprehensive undertaking to address competition issues raised by the regulator, committing it would not give Goldilocks undue advantage through the awarding of discriminatory locations or unfavorable lease terms to the bakeshop’s competitors. SM also pledged it would not give Goldilocks access to competitors’ sales and stock information.The regulator's full statement is attached....

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