The Federal Economic Competition Commission (Cofece) announced this Wednesday that it sanctioned a total of six million 114,941 pesos to three economic agents because they failed to notify a concentration in terms of the Federal Economic Competition Law (LFCE): an institution financial institution, fiduciary of the irrevocable trust of issuance, administration and payment, Concessionaire of Infrastructure Projects (CPI) and Marhnos Turismo (of the Marhnos Group).
“The sanctioned agents made an agreement in 2016 by which F/422 acquired a percentage of the trust rights that Marhnos and CPI were holders within Trust F/676. The amount of the operation of this concentration exceeded the thresholds established in the LFCE. For this reason, the agents were obliged to notify the operation”, it was detailed.
Once the procedure was concluded, the Cofece Plenary determined that the operation did not imply risks to the process of competition and free concurrence, for which it was authorized. However, more than five years passed without the concentration being notified.
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