The Spanish Competition Authority approves, subject to conditions, the creation of a joint venture in the wholesale distribution and transport of periodical publications sector (Boyacá / SGEL)

The CNMC approves the conditions for creating a joint venture between Boyacá and SGEL* The transaction affects the wholesale distribution and transport in Spain of periodical publications. The venturers must comply with certain conditions imposed by the CNMC, most of which they had offered previously. Both must maintain conditions with publishers, distributors, and traditional points of sale for daily newspapers, magazines, and collectibles. The CNMC has authorised, with conditions, the creation of a joint venture between Boyacá (65%) and SGEL (35%). The new company will take over the venturers' businesses involving the distribution of periodical publications and Boyacá's periodicals transport business. The conditions imposed by the CNMC for authorising the concentration included the