SIC Releases Decision Regarding Merger Control in Colombia by 2023
By means of Resolution No. 90523 of 2022, 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 such income and/or assets at 1.641.011,99 tax value units, which corresponds to approximately 69.600.000.115,88 Colombian pesos (or US$15 million).
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