Mexico’s competition watchdog fines Panasonic over Ficosa acquisition – report
Commission said Panasonic failed to inform authorities that the transaction would give it more than 35% indirect stake in Ficosa Mexico
Mexico’s competitive watchdog, Federal Economic Competition Commission, has fined Panasonic for failing to disclose that its purchase of Ficosa’s stake in 2015 would boost its indirect ownership in Ficosa Mexico to more than 35%, reported Automotive News.
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