Business

Mergers of more than $66.3mm will need government approval

All merger or acquisition of companies that involve a market concentration and whose turnover exceeds ARG$4 billion ($66.3 million), must have prior authorisation from the Secretary of Domestic Trade, according to a resolution published in the Official Gazette. This is due to an update of 53.8% of the so-called “Mobile Unit” which in 2019 was ARG $ 26.40.

Source: Ámbito