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Mexico: COFECE investigation into acquisition of Cornershop by Uber

Progress

Current status
in force
14 Dec 2020 in force
16 Oct 2019 under deliberation

Scope

Implementers
Mexico
Policy Area
Competition
Policy Instrument
Merger control regulation
Regulated Economic Activity
platform intermediary: e-commerce
Government Branch
executive
Government Body
competition authority
Implementation Level
national

Timeline of events

14 Dec 2020
in force

Approved acquisition of Cornershop by Uber

On 14 December 2020, the Mexican Federal Economic Competition Commission (COFECE) authorised the acquisition of Cornershop by Uber after concluding that the transaction did not affect competition in the online grocery shopping market.

Source
Event type investigation
Action type ruling
Government branch executive
Government body competition authority
16 Oct 2019
under deliberation

Notified intent of acquisition of Cornershop by Uber

On 16 October 2019, Uber notified the Mexican Federal Economic Competition Commission (COFECE) of its intention to acquire Cornershop. As provided by the Federal Competition Law, COFECE will review the potential competition effects of the transactio…

Source
Event type investigation
Action type announcement
Government branch executive
Government body competition authority