January 18, 2023

SIC Releases Decision Regarding Merger Control in Colombia by 2023

Holland & Knight Alert
Danilo Romero Raad | Camila Lopez

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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