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Chile: FNE allows Pizza Hut merger with Telepizza

By  |  March 26, 2019
The National Economic Prosecutor’s Office of Chile (FNE) approved the purchase of all Pizza Hut stores by its rival Telepizza, ending a probe that began in January as a result of the merger between these chains in Spain and Latin America.

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    The FNE “came to the conclusion that there would be no risk of substantial reduction in competition…” with the agreement, noting that the existence of a dynamic market was evident, with enough actors and room for expansion, so that competition would not be affected.

    The decision will allow Telepizza to continue with its plans in Latin America, where the new merged brand would transform all its pizza restaurants into Pizza Hut brand locations, keeping Telepizza only in Spain, Portugal and Brazil.

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