Mexico’s Federal Economic Competition Commission (COFECE) has suffered a setback in the courts, with a decision that complicates the agency’s investigation over possible excessive concentration in the medicine distribution sector.
The country’s Supreme Court of Justice protected Marina Matarazzo, wife of the owner of drug distributor Nadro, against an order that would force her to reveal information that may determine whether the company was behind the improper acquisition of a competitor, Marzam Commercial and Industrial Group.
The purchase of Marzam from previous owner Genomma Labs was carried out by the Moench Coöperatief investment fund, with the endorsement of COFECE, almost three years ago. However, the operation has been reviewed by the agency after revelations suggested a possible link between the Dutch fund and members of the family that controls Nadro.
If the accusations are confirmed, Marzam could turn out to be in the hands of owners of one of its main competitors, which could be considered an unlawful concentration that threatens to reduce the levels of competition in the drug distribution sector.
Full Content: Expansion
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Geradin Partners Expands Paris Office with Key Hire
Aug 30, 2024 by
CPI
Judge Accuses Google of ‘Clear Abuse’ in Antitrust Case Over Deleted Employee Chats
Aug 29, 2024 by
CPI
Hong Kong Cleaning Company Employee Charged in Historic Antitrust Investigation Case
Aug 29, 2024 by
CPI
Inside the Yelp Suit: Allegations of Google’s Abuse of Search Power
Aug 29, 2024 by
CPI
AI Safety Bill Clears Hurdle in California, Heads to Governor’s Desk
Aug 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – State Attorneys General
Aug 22, 2024 by
CPI
CPI Talks… …With Attorney General Phil Weiser
Aug 22, 2024 by
CPI
The Bipartisan Miracle of State Antitrust Enforcement
Aug 22, 2024 by
Gwendolyn J. Lindsay Cooley
Recent Developments in State Antitrust Enforcement: Agriculture and Food Markets
Aug 22, 2024 by
Elizabeth R. Odette
State Attorneys General: Stewards of Consumer Health and Welfare
Aug 22, 2024 by
Brooke Howlett Lovrovich