2019 Merger Clearance Thresholds - Mexico

Please see below updated thresholds for transactions subject to pre-merger control by the Mexican Antitrust Commission (Cofece) under the Antitrust Statute (LFCE), i.e. transactions with effects in Mexico that require unconditional approval or acceptance of applicable remedies before closing:

1. Test based on transaction value in Mexico: When the act(s) involved, regardless of the place of execution, are worth in Mexico, directly or indirectly, more than 18 million UMAs = MXN 1,520.8 million, or approx. US $78.8 million.
2. Test based on size of the Target: When the act(s) involved result in the accumulation of 35% or more of assets or capital stock of an economic agent with annual sales originated in Mexico, or assets in Mexico, worth over 18 million UMAs, = MXN 1,520.8 million, or approx. US $78.8 million.