SIC Releases Decision Regarding Merger Control in Colombia
By means of Resolution No. 77896 of 2020, the Superintendence of Industry and Commerce (SIC) in Colombia established the value of operational income and/or total domestic assets that should be considered when evaluating the need for conducting merger control.
The SIC set the economic threshold of said income and/or assets to at least 60,000 minimum legal monthly wages, which corresponds to approximately 54,5111,560,000 Colombian pesos (or U.S. $15,547,731), taking into account the increase to the minimum wage imposed by the government. Thus, the threshold that had been set in past years was maintained.
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