The nation’s main conglomerate SM Investments Corp. has accomplished its acquisition of a 61.2 p.c stake in Philippines Urban Living Solutions Inc. (PULS), the corporate that operates a rising chain of dormitory buildings underneath the “MyTown” model. The deal just lately obtained approval from the Philippine Competition Commission (PCC), nation’s anti-trust physique, which is remitted underneath the Philippine Competition Act to evaluate mergers and acquisitions to make sure that these offers is not going to prejudice the curiosity of the customers. The PCC is remitted to evaluate offers valued at P1 billion or above. “The acquisition allows SMIC to capture growth opportunities in the dormitel segment,” SMIC…

Keep on studying: SM buys dormitel chain “MyTown”

Source: inquirer

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