Mexico’s antitrust regulator has blocked an alliance formed by three supermarket retailers to compete against retail giant Wal-Mart de Mexico (Walmex).
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Mexican retailers Gigante, Soriana and Comerci formed a joint purchasing venture called Sinergia last year which aimed to obtain better prices from suppliers so that the retailers could better compete with Walmex,
“The creation of Sinergia was rejected,” a high-ranking official in the government’s Federal Competition Commission, or CFC, was quoted by Reuters as saying.
Walmex is majority owned by US retail titan Wal-Mart.
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