Tags: Mexico | Wal | Mart Investigation

Mexico Opens Anti-monopoly Probe against Wal-Mart de Mexico

Thursday, 26 November 2020 06:00 PM

MEXICO CITY (AP) — Mexico’s anti-monopoly commission said Thursday it has begun a formal investigation into possible monopolistic practices in wholesale and retail goods distribution and sales, a probe that appears to involve Wal-Mart's Mexican subsidiary.

While the Federal Economic Competition Commission did not identify its target, Wal-Mart de Mexico told investors earlier this week that it had been notified of an investigation involving the company in exactly those areas.

It was not clear what the supposed practices involved, but as Mexico’s largest retailer, Wal-Mart has significant leverage with suppliers.

The company said it has acted in accordance with Mexican laws and will defend itself.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


   
1Like our page
2Share
TheAmericas
Mexico's anti-monopoly commission said Thursday it has begun a formal investigation into possible monopolistic practices in wholesale and retail goods distribution and sales, a probe that appears to involve Wal-Mart's Mexican subsidiary. While the Federal Economic...
Mexico,Wal,Mart Investigation
104
2020-00-26
Thursday, 26 November 2020 06:00 PM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved