Philippine Competition Commission(PCCom)

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Date: June 15, 2020, 3:10 a.m.

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Date: 2020-06-15 10:59:39.000000

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Date: 2020-07-04 21:11:57.000000

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Sumimoto's acquisition in Metro Pacific Light Rail Corporation

Published by Philippine Competition Commission(PCCom) on June 15, 2020.
Requested from PCC by I. Canua at 03:10 AM on June 15, 2020.
Purpose: Research, analyses
Date of Coverage: 05/31/2020 - 06/15/2020
Tracking no: #PCCom-819084806447

I.CANUA June 15, 2020, 3:10 a.m.

Good day, I would like to know if the MPIC already notify the PCC for the Sumimoto's acquisition in 34.9 % stake in Metro Pacific Light Rail Corporation that holds an effective 55 percent stake in Light Rail Manila Corporation (LRMC). Thank you and keep safe.

F.OFFICER June 15, 2020, 10:59 a.m.

June 15, 2020 Dear Ishmael Sam, Thank you for your request dated Jun 15, 2020 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Sumimoto's acquisition in Metro Pacific Light Rail Corporation. We received your request on Jun 15, 2020 and will respond on or before Jul 04, 2020 03:10:40 AM, in accordance with the Executive Order's implementing rules and regulations. Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHwsSB0NvbnRlbnQiElBDQ29tLTgxOTA4NDgwNjQ0Nww, for request with ticket number #PCCom-819084806447. Thank you. Respectfully, FOI Receiving Officer FOI Officer

P.DECISION MAKER July 4, 2020, 9:11 p.m.

4 July 2020 Mr. Ishmael Sam Canua Blk 11 Unit 14 18-C Rowhouse Pilot Area, Commonwealth, Quezon City Dear Mr. Canua, This has reference to your request dated 15 June 2020, denominated as a Freedom of Information (“FOI”) Request under Executive Order (E.O.) No. 2 (s. 2016) on Freedom of Information in the Executive Branch. Your request In your request, you asked whether MPIC already notified the PCC for Sumitomo’s acquisition in 34.9% stake in Metro Pacific Light Rail Corporation that holds an effective 55 percent stake in Light Rail Manila Corporation (LRMC) for research purposes. Response to your request Your request is APPROVED. Please be informed that not all merger or acquisition transactions are subject to compulsory notification. Parties need to notify the PCC for transactions that breach the thresholds prescribed by the Implementing Rules and Regulations (IRR) of the Philippine Competition Act (PCA). For more information regarding the matter, you may visit https://phcc.gov.ph/implementing-rules-regulations-philippine-competition-act/ for the IRR of the PCA, and https://phcc.gov.ph/commreso-022020-thresholds-adj-mar2020/ for Commission Resolution 02-2020 adjusting the merger notification thresholds. For further assistance you may review the FAQ section of the eFOI site:https://www.foi.gov.ph/help. Thank you. Respectfully, Faye Condez-de Sagon FOI Decision Maker

Attachments:

FOI Reply (FOI 2020-06-15-006).pdf - PCCom FOI Decision Maker - [email protected]

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