PCC clears AP Møller entry into AC LogisticsMANILA, Philippines — The Philippine Competition Commission (PCC) has approved Danish infrastructure fund manager A.P. In a statement, the PCC said it cleared the sale of a 40-percent stake in AC Logistics Holdings Corp. to A.P. Meanwhile, AC Logistics, through subsidiary, Air 21 Holdings, operates several companies including LGC Logistics Inc., Cargohaus Inc., U?Freight Philippines Inc. and U?Ocean Inc., offering international and domestic freight forwarding, contract logistics and warehousing services. The PCC said the domestic and international freight forwarding markets remain highly fragmented, with customers tapping multiple service providers. The antitrust agency also found that the contract logistics market is competitive, while there are numerous global and regional carriers providing container liner shipping services.

Source: Philippine Star January 08, 2026 17:15 UTC