The Mexican Competition Authority accepts commitments by pharmaceutical companies to restore competition in the pharma market (Moench Coöperatif / Luis Doporto Alejandre)

Through a decision issued by the plenary session of Cofece on August 13, 2015 on case file CNT-074-2015 (the 'Decision'), the Mexican antitrust authority decided to unconditionally clear the acquisition, by Dutch fund Moench Coöperatif of a major pharmaceutical distributor in Mexico, Marzam. The parties stated before Cofece that Moench Coöperatif did not participate in the same product market as Marzam and, thus no horizontal overlaps between the parties was identified. Later in 2016 news stories based on documents allegedly leaked from Panamanian law firm Mossack Fonseca (known as the Panama Papers) stated that, in order to implement the transaction,

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Author

  • Ritch Mueller (Mexico City)

Quotation

Marta Loubet, The Mexican Competition Authority accepts commitments by pharmaceutical companies to restore competition in the pharma market (Moench Coöperatif / Luis Doporto Alejandre), 15 October 2018, e-Competitions Bulletin April 2019, Art. N° 90046

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