PRESS RELEASE
17 October 2025

PCC clears foreign-led acquisition of Philippine cold storage firm

On August 27, 2025, the Philippine Competition Commission (PCC) cleared the acquisition by Permafrost Investments GMF2 Pte. Ltd. (Permafrost Singapore) of a majority stake in CAMP Resources Property Holdings, Inc. (CAMP Resources).

The transaction, formalized on May 27, 2025, involves Permafrost Singapore, a Singapore-based investment firm, acquiring control of CAMP Resources, a domestic holding company operating cold storage facilities in Rizal, Bulacan, Laguna, and Pangasinan.

Following notification on June 3, 2025, the PCC Mergers and Acquisitions Office reviewed potential competition effects in the nationwide market for the supply and installation of rooftop solar panel systems for customers’ own commercial and industrial use. The Commission found that the transaction is unlikely to substantially lessen competition, citing the presence of multiple providers and a fragmented market structure.

The clearance confirms that sufficient competitive constraints exist in the relevant market and enables the parties to proceed with their strategic plans, consistent with the PCC’s mandate to promote fair, efficient, and competitive market outcomes.

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