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Mémora fined in Spain for failure to implement merger conditions

( May 7, 2025, 09:51 GMT | Official Statement) -- MLex Summary: Mémora Servicios Funerarios has been fined 108,000 euros (around $122,000) by the Spanish competition authority, for failing to implement conditions tied to its acquisition of rivals Rekalde and Irache. In 2021, Mémora secured clearance for the deals, provided that the competitive situation in the Gipuzkoa region remained unchanged after the transactions. Mémora benefited from a reduction in the fine because it acknowledged the shortcomings and made an advance payment, the CNMC said today.Statement follows. ...

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