COFECE fines a company and two people for closing an operation on terms other than those previously authorized

Summary:

The Comisiu00f3n Federal de Competencia Econu00f3mica (Cofece) fined German company Gebr. Knauf KG and two individuals 1,545 million pesos for violating merger regulations. The company, which manufactures construction materials and plasterboard, had incorporated a non-compete clause into the merger that was not originally disclosed to the Cofece. This prevented the Commission from analyzing its effects on the market and consumers. The Cofece emphasizes the importance of transparency and compliance with regulations to ensure fair competition and benefit consumers.