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Call for Comments: Acquisition by International Container Terminal Services Inc. (ICTSI) of Shares in Manila North Harbour Port Inc. (MNHPI)

/ Call for Comments: Acquisition by International Container Terminal Services Inc. (ICTSI) of Shares in Manila North Harbour Port Inc. (MNHPI)

Call for Comments: Acquisition by International Container Terminal Services Inc. (ICTSI)
of Shares in Manila North Harbour Port Inc. (MNHPI)

The Philippine Competition Commission (PCC) invites stakeholders, stakeholders such as importers, exporters, custom brokers, shipping and cargo liners, freight forwarders, truckers, port stevedores and contractors, trade association members, and interested individuals to submit their thoughts and comments on the acquisition by International Container Terminal Services Inc. (ICTSI) of shares in Manila North Harbour Port Inc. (MNHPI), which is currently pending review.

ICTSI is a port management company dealing with international shipments and operating in various countries. On the other hand, MNHPI operates the Manila North Harbour which services domestic cargoes in the Port of Manila.

In the Philippines, ICTSI operates in Laguna, Olongapo, Batangas, Davao, Cagayan de Oro, and South Cotabato. It also owns and operates the Manila International Container Terminal which services international cargo from the Port of the Manila.

As for MNHPI, it is a subsidiary of San Miguel Holdings Corporation, a company owned by San Miguel Corporation, which is a Philippine conglomerate with interests in food and beverage, packaging, properties, fuel and oil, energy, infrastructure, and banking industries.

The public may send their comments via e-mail to mergers@phcc.gov.ph with subject title “Comments on ICTSI and Manila North Harbour Transaction,” or via mail to Philippine Competition Commission located at 25th Floor Tower 1, Vertis North Corporate Center, North Avenue, Quezon City 1105. Please ensure that comments will be received by the Mergers and Acquisitions Office on or before 18 January 2019.