MANILA, Philippines -- A company based in India has been given the green light to own the retail personal care business of publicly listed firm Splash Corp., a Filipino company that currently distributes popular skincare products such asMaxi-Peel and SkinWhite lotion. The Philippine Competition Commission (PCC) has approved the proposed acquisition by Wipro Enterprises Private Limited of shares in Splash from Ang Hortaleza Corp., it said in a statement on Thursday. Under the competition law, mergers and acquisitions that are deemed large enough to be potentially anti-competitive have to be notified to PCC so that they could be reviewed. Upon review,...
Keep on reading: PCC okays Indian firm’s plan to buy shares in local skincare company
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