Philippines clears Upper Pickering's purchase of Interflour stake
( December 18, 2025, 01:06 GMT | Official Statement) -- MLex Summary: The Philippine Competition Commission has cleared Hong Kong-registered Upper Pickering Holdings’ acquisition of a 50 percent stake in Interflour Private Limited from Australia’s Co-operative Bulk Handling. The watchdog said the deal poses no competition concerns because Upper Pickering has no prior operations and the parties have no horizontal or vertical overlaps in the Philippine wheat flour milling market. Interflour operates locally through Mabuhay Interflour Mill, while CBHL is owned by about 3,500 Western Australian grain growers.Statement follows. ...
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