March 2025
Frontpage
Recommended reading
FRONTPAGE
Cofece in numbers, 2024
Cofece in numbers, 2024
This Annual report presents the Federal Economic Competition Commission's (Cofece) main actions, figures, and results for 2024.
The document details the cases handled under the procedures (mergers, monopolistic practices, barriers to competition), enforcement actions (sanctions, investigations, resolutions), and competition advocacy activities (events, publications, institutional collaborations), as well as the economic impact of this work. It also includes advances in digital markets, sustainability, and education, highlighting transparency, efficiency, and accountability.
Cofece publishes the ninth edition of this proactive accountability effort, which seeks to inform the public about the most relevant work carried out during the previous year and the achievements of enforcement of the Federal Economic Competition Law.
BY THE NUMBERS
BY THE NUMBERS
In March, the Commission dealt with 120 matters, of which 76 correspond to mergers, 26 to proceedings for monopolistic practices and unlawful mergers, 5 to special proceedings, and 13 to opinions on bidding processes, concessions, and permits.
Complaints, investigations, and trial-like proceedings
- 3 complaints were analyzed, 1 of which was admitted in March, and 2 were rejected, so 1 remained pending at the end of the month.
- 19 investigations for monopolistic practices and unlawful mergers were followed up.
- 4 trial-like proceedings were followed up.
- 5 special procedures were followed up to determine the existence of essential facilities and barriers to competition
Mergers
- 76 mergers were monitored, of which 14 were notified during the period. Of these transactions, 23 were authorized, and 2 were closed, accordingly, 51 remained under analysis at the end of the month.1
- The amount of authorized transactions was $73,869.9 million pesos.
Amparo Trials
- During March, the Judicial Power resolved 10 amparo trials: 1 was granted, 2 were denied, and 7 were dismissed.2 At the end of the period, 334 trials are still in process, of which 320 correspond to economic competition matters.
- The file numbers of the authorized concentrations are: CNT-116-2024, CNT-130-2024, CNT-143-2024 (Synlab Ag / Ephios Topco S.A R.L. / Elliott Investment Management L.P. / Elliott Associates, L.P. / Solem Investments S.A R.L. / Ephios Luxembourg S.à r.l. / Elliott International L.P.), CNT-144-2024 (Industrial Gate Company, S. de R.L. de C.V. / Industrial Gate Capital, S.A. de C.V. / Casa Residential Private Limited), CNT-146-2024 (S-K Cabo San Lucas Holdings, S.A. de C.V. / CiBanco, S.A., Institución de Banca Múltiple / MRP CKD III, S. de R.L. de C.V.), CNT-152-2024 (Grupo Televisa, S.A.B. / Fintech Latam S.A. R.L.), CNT-153-2024 (Grupo Axo, S.A.P.I. de C.V. / CiBanco, S.A., Institución de Banca Múltiple), CNT-154-2024 (Kawasaki Heavy Industries, Ltd / Itochu Corporation), CNT-156-2024 (Covestro Ag / Adnoc International Germany Holding Ag), CNT-157-2024 (Kyndryl Mexico, S. de R.L. de C.V. / BBVA Technology America, S.A. de C.V.), CNT-161-2024, CNT-162-2024 (Celta GP, S.A.P.I. de C.V. / Banco Actinver, Institución de Banca Múltiple, Grupo Financiero Actinver), CNT-163-2024 (Pactiv Evergreen Inc. / Novolex Holdings, LLC), CNT-164-2024 (Sierra Metals Inc. / Alpayana S.A.C.), CNT-003-2025 (Brookfield Infrastructure Income Fund FCP-Raif / Bravo UK Holdco Limited / BII BID Europe Holdings (UK) Limited), CNT-008-2025 (UVI Tech, S.A.P.I. de C.V. / Kuna Capital Services, S.A.P.I. de C.V. / HSBC Mexico, S.A., Institución de Banca Múltiple, Grupo Financiero HSBC), CNT-013-2025 (Perseus Parent, L.P. / Apollo Management X, L.P.), CNT-014-2025 (Credit Agricole S.A. / Caceis S.A. / Banco Santander, S.A.), CNT-016-2025 (Global Technologies S.A.R.L. / ), CNT-017-2025 (Fibra Mty / Banco Invex, S.A., Institución de Banca Múltiple, Invex Grupo Financiero, Fiduciario / BJX Pilba II, S. de R.L. de C.V.), CNT-020-2025 (NAC Holdings Limited / Dubai Aerospace Enterprise (DAE) Ltd), CNT-021-2025 (Promotora Mexpac, S.A. de C.V. / Banco Invex, S.A., Institución de Banca Múltiple, Invex Grupo Financiero / Arroyo Netherlands III B.V. / Central Generadora Electrica Huinala, S. de R.L. de C.V. / Arroyo Netherlands IV B.V.), CNT-022-2025 (Jaguar Holdings, S.A.P.I. de C.V. / Controladora de Infraestructura Petrolera México, S.A. de C.V.).
- Of which it is reported that the jurisdictional body that finally resolved and the file numbers of the dismissed amparo suits are: First Collegiate Specialized Court, R.A. 317/2024; Second District Court Specialized in Economic Competition, Broadcasting and Telecommunications, with residence in Mexico City and jurisdiction in the entire the Republic, Exp. 100/2022; Second District Court Specialized in Competition, JA 158/2023; Third Administrative District Court Baja California Sur, Exp. 657/2024; Second District Court Specialized in Economic Competition, Broadcasting, and Telecommunications, with residence in Mexico City and jurisdiction in the entire Republic, Exp. 295/2023; Second District Court Specialized in Economic Competition, Broadcasting, and Telecommunications with residence in Mexico City and jurisdiction in the entire Republic, Exp. 248/2024; Third Specialized District Court, Exp. 9/2025; of the amparo trials denied are: Second Specialized Collegiate Court, R.A. 266/2024; First Specialized Collegiate Court, R.A. 305/2024, and of the amparo trial granted is: First Specialized Collegiate Court, RA 509/2023.
Of which it is reported that the court that finally resolved and the file number of the dismissed amparo trial is: Second Collegiate Circuit Court in Administrative Matters Specialized in Economic Competition, Broadcasting and Telecommunications, with residence in Mexico City and jurisdiction in the entire republic, R.A. 387/2024; Second Collegiate Circuit Court in Administrative Matters Specialized in Economic Competition, Broadcasting and Telecommunications, with residence in Mexico City and jurisdiction in the entire republic, R. A. 317/2023; Third District Court in Administrative Matters Specialized in Economic Competition, Broadcasting and Telecommunications, with residence in Mexico City and jurisdiction in the entire republic, Exp: 202/2024; of the amparo judgments granted are: Second Collegiate Circuit Court in Administrative Matters Specialized in Economic Competition, Broadcasting and Telecommunications, with residence in Mexico City and jurisdiction in the entire republic, R.A. 604/2023; Second Collegiate Circuit Court in Administrative Matters Specialized in Economic Competition, Broadcasting and Telecommunications, with residence in Mexico City and jurisdiction in the entire republic, R. A. 428/2022; Second Collegiate Circuit Court in Administrative Matters Specialized in Economic Competition, Broadcasting and Telecommunications, with residence in Mexico City and jurisdiction in the entire republic, R.A. 846/2022, and of the denied amparo suits are: First Collegiate Circuit Court in Administrative Matters Specialized in Economic Competition, Broadcasting and Telecommunications, with residence in Mexico City and jurisdiction in the entire republic, R.A. 220/2023; First Collegiate Circuit Court in Administrative Matters Specialized in Economic Competition, Broadcasting and Telecommunications, with residence in Mexico City and jurisdiction in the entire republic, R. A. 358/2024, and First Collegiate Circuit Court in Administrative Matters Specialized in Economic Competition, Broadcasting and Telecommunications, with residence in Mexico City and jurisdiction in the entire republic, R.A. 556/2023.
RECOMMENDED READING
Memoir of the Cofece Essay Award 2024
This document compiles the titles and summaries of the essays that were accredited as winners and received honorable mentions in two categories of the contest: Bachelor's and Master's/Doctorate, which address different topics related to economic competition in Mexico, highlighting the importance of effective regulation, the elimination of barriers to competition and Cofece’s role in market surveillance.
The topics addressed include regulation of digital markets, competition in financial services, concentration in the labor market, competition in the streaming sector, nearshoring, data monopolies, competition in artificial intelligence, and the impact of large technology companies, among others. In addition, statistics on the participation of universities and authors in the competition are presented, as well as a list of the jury.
Monthly report – February 2025
Monthly report – April 2025 main actions, figures, and results for 2024.The document details the cases handled under the procedures (mergers, monopolistic practices, barriers to competition), enforcement actions (sanctions, investigations, resolutions), and competition advocacy activities (events, ...){kind=link}