The Mexican Competition Authority fines companies involved in 2 merger cases for failure to notify a concentration (Santander / USB Americas / KKR Rainbow Aggregator / Coty)

Competition Authority, Mexican

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10 Aug 2020

The Mexican Competition Authority fines companies involved in 2 merger cases for failure to notify a concentration (Santander / USB Americas / KKR Rainbow Aggregator / Coty)

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Reference

Mexican Competition Authority, Santander / USB Americas / KKR Rainbow Aggregator / Coty, Press release, 10 August 2020

COFECE imposed fines in two cases for failure to notify a concentration: Santander and USB Americas; and KKR Rainbow Aggregator and Coty* COFECE fined diverse subsidiaries of Santander, Elavon and USB Americas a total of 2 million 172 thousand Mexican pesos because they modified the non-competition clause originally notified and authorized. In the second case, COFECE fined KKR

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Author

Mexican Competition Authority
Mexican Competition Authority (Mexico City)

Mexico 124 contributions 24392 visits

Quotation

Mexican Competition Authority, The Mexican Competition Authority fines companies involved in 2 merger cases for failure to notify a concentration (Santander / USB Americas / KKR Rainbow Aggregator / Coty), 10 August 2020, e-Competitions Gun jumping, Art. N° 96366

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