8 months PCC okays sale of Splash to Indian competitor MB |Biz
By James A. Loyola The Philippine Competition Commission (PCC) has approved the buy-out of Splash Corporation by Indian firm Wipro Enterprises Private Limited. Philippine Competition Commission In a statement, the PCC noted that both Splash and Wipro are involved in the manufacturing and distribution of personal care products. Wipro Enterprises, a corporate entity based in Bangalore, India, intends to acquire Splash from Ang Hortaleza Corporation. After the acquisition, Wipro Enterprises through a wholly owned subsidiary will own the domestic and international retail personal care business of Splash Corporation. This will include the related inventories, plant, property and equipment, intangible assets ... more