A PYMNTS Company

Mexico: Heineken fined by regulator; preparing appeal

By  |  December 19, 2017

After the announcement of a fine imposed by the Federal Commission for Economic Competition (Cofece), Heineken Mexico announced that it respects the resolution of the authority, but will use the corresponding legal resources to fight this resolution, which is still subject to the final decision of the courts.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    “Heineken Mexico reaffirms its commitment to always operate within the framework of Mexican laws and comply with what is established by the authorities; for Heineken Mexico free economic competition is a priority to strengthen the market and the Mexican beer industry,” the company said.

    COFECE imposed a fine of MX$11.8 million pesos (approximately US$619,000) on Cuauhtémoc Moctezuma for the breach of some of the actions that it undertook to eliminate anticompetitive effects in the market

    Full Content: Expansión

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.