Chile’s competition defence authorities started a probe last week, in order to evaluate the possible impact of the planned purchase of Sheraton Hotels and San Cristobal Tower hotel by the Hoteleras de Larrain Vial Investment Fund. The probe will seek to address any possible violations of competition law.
In 2013 the Larrain group purchased the Ritz Carlton, Crowne Plaza and InterContinental hotel chains in Chile, a move that was closely watched by Chile’s National Economic Prosecutor (FNE). At the time, the regulator determined that there was no risk of unilateral or collusive threats to competition.
However, the agency pointed out that this determination could change should the Hotel group purchase any further Luxury Hotel chains. The country’s competition authorities have warned that, should the transaction go through, the Larrain Vial hotel group would certainly reach worrisome levels of dominance over the sector.
Source: Diario Financiero
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI