Region: Latin America & Caribbean

Ecuador hands down third-ever merger prohibition

Ecuador’s antitrust enforcer has blocked a pharmacy chain’s planned purchase of a drug importer to prevent the combination of the two largest companies in the national pharmaceutical distribution market.

21 November 2022

Brazil fines silicate makers for 13-year cartel

Brazil’s competition authority has fined three manufacturers and 13 individuals a total of €11 million for colluding to fix prices, share information and divide the market for the production and supply of silicate for at least 13 years.

14 November 2022

CADE punishes air fuel cartel

Brazil’s antitrust watchdog has fined São Paulo’s main international airport and three jet fuel distributors a total of €27.4 million for unlawfully refusing to lease storage space to a rival, in a decision that saw the agency’s tribunal split on how to calculate the penalty.

14 November 2022

Colombian aviation regulator grounds Avianca/Viva deal

Colombia’s national aviation authority has blocked a merger between the country’s largest airline and low-cost carrier Viva Air after the pair could not back up their failing firm defence and refused to offer remedies.

11 November 2022

Uruguay issues highest-ever fine following second AB InBev exclusivity probe

Uruguay’s competition watchdog has fined a subsidiary of AB InBev more than €4.8 million for abusing its dominance through exclusivity agreements in the Uruguayan beer market, five years after it was penalised for the same conduct.

03 November 2022

Mexico breaks up bus cartel

Mexico’s Federal Economic Competition Commission has fined 18 bus companies and 31 of their executives approximately €61 million for fixing prices and dividing the market in what is thought to be its highest ever cartel fine.

26 October 2022

Peru imposes conditions in first Phase II probe under new merger regime

Peru’s competition authority has imposed a set of behavioural remedies on a pair of drugmakers as part of its first in-depth review under the country’s revamped merger control framework, which came into force last year.

26 October 2022

CADE head calls to investigate poor-performing pollsters amidst heated presidential election

The president of Brazil’s antitrust enforcer has asked his agency to probe if several research institutes colluded to manipulate election polling results – and ultimately the country’s general elections.

19 October 2022

Mexican market study finds competition restrictions in fuel market

Mexico’s competition authority has found a lack of effective competition in the distribution of liquefied petroleum gas to consumers in almost all local markets, paving the way for potential government price controls.

18 October 2022

Chile conditionally approves telecoms joint venture

Chile’s antitrust watchdog has approved a joint venture between the local subsidiaries of Liberty Global and América Móvil, subject to the telecommunication service providers promising to divest radio spectrum and the latter’s satellite TV business.

14 October 2022

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