Mexico’s antitrust regulator, COFECE’s, Board of Commissioners fined Consorcio Villacero 67 million pesos (US$3.1 million) for failing to comply with two of the conditions agreed upon in 2010 with the competition authority for the authorization for the acquisition of share capital in Savoy International.
Both companies, Villacero and GCollado, participate in the same markets: manufacturing of steel plates, steel pipe, and steel mesh, as well as commercialization of steel products. This could allow for the flow of information among the companies which could result in anticompetitive conducts.
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