PRESS RELEASE
8 September 2025

PCC clears Pacific Universal Investments’ acquisition of PT Mitra

The Philippine Competition Commission (PCC) has cleared the proposed acquisition by Pacific Universal Investments Pte. Ltd. (Pacific Universal Investments) of shares in PT Mitra Adiperkasa Tbk (PT Mitra) from PT Satya Mulia Gema Gemilang (PT Satya).

Pacific Universal Investments is a Singapore-incorporated holding company which sought to buy PT Mitra, an Indonesian lifestyle retailer offering sports, fashion, food, and electronic products. PT Mitra’s Philippine subsidiaries, MAP Active Philippines, Inc. and Planet Sports, Inc., distribute and retail sports apparel and equipment, while Mapple Philippines Inc. sells Apple products.

Following a review by the PCC Mergers and Acquisitions Office, the Commission determined on 12 August 2025 that the Transaction would not likely result in a substantial lessening of competition. The review found that the parties are not direct competitors nor is one a supplier or customer to the other.

The Commission also determined that numerous established retailers provide sufficient competitive constraints on PT Mitra.

The Philippine Competition Act mandates the PCC to review mergers and acquisitions and prevent deals that would harm competition or consumers.

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REFERENCE:  
publicaffairs@phcc.gov.ph  
Public Affairs and Research Division
Communications and Knowledge Management Office
Philippine Competition Commission