Mexico's Cofeco says paint tie-up would create unfair market

MEXICO CITY, July 18 Thu Jul 18, 2013 10:00am EDT

MEXICO CITY, July 18 (Reuters) - Mexico's Federal Competition Commission (Cofeco) said on Thursday that it had denied paint maker Sherwin Williams Co's planned purchase of local paint company Comex because of market power concerns.

The tie-up could create conditions that would make competition difficult for other players, the commission said in a brief statement.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.