Mexico: COFECE investigation into acquisition of Cornershop by Walmart
Progress
Current status
in force
05 Jun 2019 in force
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
Blocked acquisition of Cornershop by Walmart
On 5 June 2019, the Mexican Federal Economic Competition Commission (COFECE) banned the acquisition of Cornershop, an online grocery shopping application, by Walmart after concluding that the transaction would give Walmart sufficient market power to…
SourceEvent type
investigation
Action type
ruling
Government branch
executive
Government body
competition authority