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Mexico: Blocked acquisition of Cornershop by Walmart

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Description

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 hinder competition in the e-commerce grocery shopping and distribution market.

Original source

Scope

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

Complete timeline of this policy change

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2019-06-05
in force

On 5 June 2019, the Mexican Federal Economic Competition Commission (COFECE) banned the acquisition…