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Interlocking settlement involving Manfred Paulmann, Cencosud, Asesorías Alpa approved by Chilean competition tribunal

( October 22, 2024, 17:58 GMT | Official Statement) -- MLex summary: Chile's Tribunal for the Defense of Free Competition (TDLC) approved an extrajudicial agreement between the National Economic Prosecutor's Office (FNE), Manfred Paulmann, Cencosud, and Asesorías Alpa, concluding an investigation into a violation of horizontal interlocking rules. The agreement acknowledges Paulmann’s simultaneous roles as director of Cencosud and a key executive at Asesorías Alpa, both competitors in the retail sector. The settlement includes payments totaling 1.2 billion pesos (US $1.2 million)  and measures to safeguard competition. The FNE emphasized the importance of enforcing interlocking prohibitions to ensure independent decision-making among competing firms.Statement follows below in Spanish:...

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