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By Gregory E. Heltzer, Caroline Ruiz Palmer and Sara Fernandez on Feb 20, 2019
Posted In Mergers & Acquisitions
On January 31, the Board of the Mexican Competition Authority—the Federal Economic Competition Commission (COFECE)—approved REMY Holdings International’s acquisition of BorgWarner’s vehicle aftermarket business. However, the companies failed to file and were fined for their misconduct (~$153,134). The fine was less severe because the parties voluntarily acknowledged their failure to notify COFECE. WHAT HAPPENED: On...