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Mexico's Cofeco says paint tie-up would create unfair market
July 18, 2013 / 2:02 PM / 4 years ago

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

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.

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