Philippines antitrust regulator clears URC's Nissin venture control shift
( August 26, 2026, 10:25 GMT | Official Statement) -- MLex Summary: Universal Robina Corp. has received Philippine Competition Commission clearance for its sale of a 21 percent stake in instant-noodle joint venture Nissin Universal Robina Corp. to Nissin Foods Asia Co. Ltd. In a statement Tuesday, the company said NFA will take control of NURC with a 70 percent stake, while URC will retain 30 percent. The sale of 39.69 million shares is scheduled for Jan. 7, 2027, with the consideration to be finalized by December 2026 and paid upon satisfaction of the remaining closing conditions.The statement is attached....
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