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Metro Pacific's acquisition of Franklin Baker shares cleared in the Philippines

( December 19, 2025, 06:32 GMT | Official Statement) -- MLex Summary: The Philippine Competition Commission has approved Metro Pacific Agro Ventures Inc.’s acquisition of all outstanding shares of Franklin Baker Company of the Philippines after a Phase 2 review addressing potential monopsony concerns in raw coconut sourcing. In a statement on Friday, the PCC said it found no substantial lessening of competition, citing the global nature of coconut product markets, the presence of numerous international suppliers and strong buyer price sensitivity that constrains market power.Statement follows. ...

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