Colombian Superintendence of Industry and Commerce maintains merger control thresholds
Colombia Antitrust Alert
The Colombian Superintendence of Industry and Commerce (SIC) issued Resolution 93503 of 2018 which sets the value of operational revenue and/or total domestic assets that shall be taken into consideration when evaluating the need of conducting merger control before this authority.
Law 1340 of 2009 enables SIC to set the thresholds that will determine whether a concentration between companies involved in the same economic activity or part of the same value chain, must carry out conduct merger control in Colombia.
In Resolution 93503, SIC decided to maintain, for 2019, the thresholds determined for the past year, which amount to sixty thousand Colombian statutory minimum wages, approximately 16 million USD (€14 million) at the current exchange rate.