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Philippine antitrust regulator clears DoubleDragon's MerryMart share acquisition

( March 5, 2026, 02:25 GMT | Official Statement) -- MLex Summary: The Philippine Competition Commission cleared the proposed acquisition by DoubleDragon Corporation of shares in MerryMart Consumer Corporation, issuing its decision ahead of the Phase 1 review deadline. The regulator assessed potential competition effects in markets for commercial space and warehouse leasing to grocery and convenience stores. After consulting industry stakeholders, the commission concluded the transaction is unlikely to substantially lessen competition, citing strong competitors in both upstream property leasing and downstream retail markets that limit foreclosure risks.Statement follows....

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