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Mexico: Watchdog accuses companies of condom price fixing

By  |  March 20, 2018

Mexico’s anti-monopoly commission, COFECE, has accused two companies of colluding to fix prices on condoms bought by public health care institutions.

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    Mexico’s COFECE said Tuesday, March 20, the companies manipulated prices so that one, Dentilab, would get 80% of orders.

    The other company, Grupo Holy, agreed to get the remaining 20%.

    The Commission says the alleged scheme was arranged to secure contracts from health care institutions in 2009, 2011 and 2012.

    It says price-fixing on condoms and catheters cost the government about 177 million pesos (US$9.5 million). Both companies have been fined.

    Full Content: National Post

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