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Philippine antitrust commission greenlights GCMC, Leapfrog Healthcare venture

( February 23, 2026, 05:54 GMT | Official Statement) -- MLex summary: The Philippine Competition Commission has approved the proposed joint venture among GCMC Holdings, Navegar II Singapore and Leapfrog Emerging Consumer Fund IV following a Phase 1 review. The agency’s Mergers and Acquisitions Office found no horizontal overlaps or vertical relationships, noting the parties operate in distinct segments and that Leucadendron has no Philippine operations. The transaction is not expected to alter market dynamics, underscoring the PCC’s scrutiny of cross-border investments in critical sectors.Statement follows....

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