August 22, 2025 | 12:00am
MANILA, Philippines — The Philippine Competitors Fee (PCC) has authorized the proposed acquisition by agribusiness agency Inoza Enterprise Holdings Inc. of a majority stake in restaurant operator TBG Meals Holdings Inc..
In an announcement, the PCC stated there aren’t any competitors points seen within the transaction.
The PCC assessed the potential influence of the transaction on the nationwide provide of rooster meat, desk eggs, pork and beef to the meals service trade.
It stated the events have restricted market shares and there are sufficient different suppliers available in the market.
“The approval is predicted to assist continued competitors within the meals service and agribusiness sectors, whereas enabling strategic development for each Inoza and TBG Holdings,” the PCC stated.
Inoza is a newly shaped holding firm affiliated with Progeny World Holdings Inc., which is engaged in agribusiness, meals manufacturing and limited-service eating places.
Progeny operates the Bounty Recent model, in addition to restricted service eating places Chooks-to-Go and Uling Roasters.
TBG Holdings, in the meantime, owns and operates full-service eating places beneath The Bistro Group together with Italianni’s, TGI Fridays and Texas Roadhouse.
There are 28 idea shops and 214 branches beneath TBG Holdings.
The PCC is remitted beneath the Philippine Competitors Act to evaluation mergers and acquisitions to make sure these don’t limit competitors and hurt shopper welfare.
Final yr, the PCC reviewed 17 transactions value P784 billion.