Cofece fines six companies with more than 58 million pesos for not notifying two concentrations

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Summary:

The Commission Federal of Economic Competition (Cofece) has sanctioned six companies that sell gasoline and diesel to end-consumers (gas stations) for not reporting two concentrations. According to the Federal Law of Economic Competition (LFCE), the companies should have notified the commission to ensure that the agreements do not pose risks to consumers. The Cofece found that Servicios Gasolineros de Mu00c3u00a9xico, S.A. de C.V. (Segamex) acquired control of 16 gas stations, exceeding the thresholds established in the LFCE. Both transactions should have been notified to the commission. The Cofece aims to promote fair competition and protect consumers by ensuring that markets function without benefits that favor the accumulation of market power by companies, allowing consumers to access goods and services that meet their needs.