Industrial group OHL has been authorized by competition watchdog COFECE to sell up to 80% of its shares in hotels located in the popular tourist hotspots of Quintana Roo. The shares have been scooped up by RLH Properties, manager of luxury properties across the country, including the Four Seasons chain.
At first RLH will control 51% of OHL’s hotel business in its Banyan Tree, Mayakoba and Andaz Mayakoba hotels, as well as the El Camaleón golf club. The group will also take 80% of the Rosewood Mayakoba and Fairmont hotels. The deal still needs clearing from the banking and stocks regulator, the CNBV.
The clearance by COFECE was granted without conditions, as was remarked by the statement released by OHL.
Full Content: La Jornada
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Russian Lawmakers Approve Cryptocurrency Use in International Trade
Jul 30, 2024 by
CPI
UAE Halts US Talks with AI Firm G42 Amid China Tech Concerns
Jul 30, 2024 by
CPI
UK Antitrust Regulator Probes Google’s Ties with AI Firm Anthropic
Jul 30, 2024 by
CPI
Medical and Industry Groups Seek Court Intervention Against FTC Noncompete Ban
Jul 30, 2024 by
CPI
Meta Strikes $1.4 Billion Deal with Texas Over Biometric Data Suit
Jul 30, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Trade & Antitrust
Jul 26, 2024 by
CPI
What is Wrong with the WTO Discipline on Subsidies?
Jul 26, 2024 by
CPI
The Abiding Tension Between Trade Remedy Law and Antitrust
Jul 26, 2024 by
CPI
Trade and Antitrust: An End to Isolationism
Jul 26, 2024 by
CPI
International Trade Law and Domestic Regulation of Generative Artificial Intelligence: Divergent Approaches?
Jul 26, 2024 by
CPI