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​Kinnevik's acquisition of stake in Global Fashion Group cleared by Philippine antitrust body

( September 1, 2016, 07:12 GMT | Official Statement) -- MLex Summary: The Philippine Competition Commission has cleared Swedish investment company Kinnevik AB’s proposed acquisition of shares in Global Fashion Group, a leading fashion e-commerce company with operations across five regions and 27 countries and the operator of Zalora in Southeast Asia. The PCC concluded that the acquisition — an additional 161 million euros ($180 million) to raise Kinnevik's stake to 35 percent in GFG, according to media reports — would not lessen competition in relevant markets. The regulator's full statement is attached. ...

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