Chemical giants Dow and DuPont have taken a further step towards a global merger. The companies have announced they will aim towards a merger between their respective Mexico units by the end of 2017. The companies are now only waiting for authorization by Mexico’s Federal Commission for Economic Competition (COFECE), said Claudia Jañez, President for DuPont’s Mexico, Central America and Caribbean operations.
“This year we handed over all the necessary documents to COFECE. While they reach their decision we will continue to work separately from Dow. We are still in competition” she continued. Jañez also said that they expect little risk of having the merger declared a risk for consumers, and foresee a positive answer.
“We are hoping to get final authorization by the end of the month, in order to implement the merger next year. We will do it in 18 months” said the regional President. Jañez pointed out that DuPont has operated in Mexico for 9 decades, making the country one of the most important parts of its global operations.
Full Content: El 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