Displaying items by tag: SC

The Superintendencia de Competencia (SC) admitted the process for the request for authorization of economic concentration filed by Telefónica El Salvador to acquire IBW El Salvador, thus initiating the technical, economic and legal analysis that will determine whether or not the transaction will cause a significant limitation of competition, under the terms of art. 34 of the Competition Law.

The Board of Directors of the Superintendencia de Competencia (SC) authorized the economic concentration request between Inversiones Financieras Atlántida S.A. (IFA) and Seguros del Pacífico S.A., by means of which Inversiones Financieras Atlántida acquires the majority of the capital stock of Seguros del Pacífico.

The Board of Directors (CD) of the Superintendencia de Competencia (SC)fined the Asociación Salvadoreña de Transportistas Internacionales de Carga (ASTIC) with US$87,600.00 for lack of collaboration by not submitting information requested by the institution in the framework of the ex officio initiation of preliminary proceedings in the Central American freight transportation market in order to seek indications of possible violations to the Competition Law (LC) related to anti-competitive practices in this essential sector for the supply chain in imports and exports of El Salvador and the region.

The Board of Directors of the Superintendencia de Competencia (CDSC) sanctioned ALBA Petróleos with a fine of US$49,883.88 for the administrative infraction of lack of collaboration, the company has 7 days as from today to make the corresponding payment.