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Mitsubishi's investment in Ayala's GCash parent gets Philippine antitrust approval

( July 31, 2025, 08:52 GMT | Official Statement) -- MLex Summary: The Philippine Competition Commission has cleared Mitsubishi’s acquisition of a 50 percent stake in AC Ventures Holding Corp., a joint venture with Ayala Corp. and parent of GCash owner Mynt. The watchdog found the deal unlikely to substantially lessen competition in QR-based merchant payments, citing GCash’s small market share and the government's interoperability push. Mitsubishi’s ownership of QR-accepting Lawson stores was also deemed too limited to raise concerns. The statement follows: ...

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