Thursday, February 23, 2012

CFC gives green light for merges in candy sector.

MEXICO CITY, Feb 27, 2004 (El Economista/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- The Federal Competition Commission (CFC) determined that the chewing gum manufacturer Chicles Adams, Cadbury Schweppes and Grupo Warner Lambert Mexico, do not practice monopolistic activities, according to the Mexican chewing gum manufacturer Canel's

"There are not enough elements to prove the existence of monopolistic practices relative to the production, distribution, and sale of candy products," reported insiders.

The CFC said that Cadbury Schweppes acquiring the chewing gum production and marketing lines of Pfizer Inc. does not affect the process of competition and free market, as the acquisition did not include the chocolate product line and Canel's does not participate in the market of these products.

The CFC also authorized the merge between Sabritas and Durf Holding (both indirect subsidiaries of PepsiCo Inc.) as well as the one between Corporativo Internacional Mexicano and Hurdell Holdings.

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