January 18, 2024

Colombia's SIC Sets Thresholds for Merger Control in 2024

Holland & Knight Alert
Danilo Romero Raad | Camila Lopez | Maria Fernanda Pinzon

Through Resolution No. 82882 of 2023, the Superintendence of Industry and Commerce (SIC) in Colombia established the value of operating income and/or total assets that must be considered to determine whether the merger between companies must be reported to the entity.

The SIC set the economic threshold of such income and/or assets at 1,641,044.99 Tax Value Units (Unidades de Valor Tributario or UVT), corresponding to approximately 77,235,782,454 Colombian pesos (approximately $19,300,000).

Therefore, if the companies have operating income/turnover or assets valued in 2023, jointly or individually considered, exceeding the thresholds described above, they must report them to the SIC.

Information contained in this alert is for the general education and knowledge of our readers. It is not designed to be, and should not be used as, the sole source of information when analyzing and resolving a legal problem, and it should not be substituted for legal advice, which relies on a specific factual analysis. Moreover, the laws of each jurisdiction are different and are constantly changing. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. If you have specific questions regarding a particular fact situation, we urge you to consult the authors of this publication, your Holland & Knight representative or other competent legal counsel.

Related Insights