Global brewer Heineken has weighed in on the decision recently ratified by the Guayas Civilian and Administrative Unit judge, which effectively annulled the order given by the country’s competition and market regulator, the Superintendence for the Control of Market Power (SCPM), which a few weeks back approved the merger of the beer giants SABMiller and AB Inbev. The merger, which has slowly gained regulatory approval around the world, had been made conditional on the sale of the ‘Club’ brand of beers to an unrelated competitor. This condition is now effectively removed, allowing the deal to go forward regardless.
“Heineken totally supports the SCPM’s decision, and we reinstate our interests in making an important investment in Ecuador in light of this merger” said José Javier Jarrín, Heineken’s spokesman.
Mr. Jarrín added, referring to its major rival’s merger, that “a monopoly that is so dominant will limit the choices of consumers, bring about higher consumer prices, squeeze the margins for distributors and retailers, and fails to promote employment opportunities for Ecuador’s workers.”
Full Content: El Telégrafo
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI