Colombia's SIC Sets Thresholds for Merger Control in 2024
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.
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