COFECE sanctions Alsea and Grupo Axo for failing to notify a concentration* Mexico City, November 2nd 2015. - The Mexican Federal Competition Commission (COFECE) imposed sanctions for 1.5 million dollars to Alsea S.A.B de C.V (Alsea) and for one hundred and seventy four thousand dollars4 to Grupo Axo, S.A.P.I de C.V. (Axo) for failing to notify a concentration before its execution. Under the Mexican competition regime, a concentration should be understood as a merger, acquisition of
The Mexican Competition Authority fines two undertakings for failing to notify their merger (Alsea / Axo)
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