The Superintendencia de Industria y Comercio is reviewing an integration request filed by Grupo Key and other firms to consolidate the thermal coal export chain.
The Superintendencia de Industria y Comercio began analysis of a business integration authorization request. The companies involved are Grupo Key, CI Prodeco, Carbones de la Jagua, Consorcio Minero Unido C.M.U. and Ferrocarriles del Norte de Colombia. The case was published on June 12 under filing 26-237812.
Grupo Key plans to acquire part of the share package of companies holding FENOCO shares currently owned by Grupo Glencore shareholders. The operation has vertical scope and covers mining production, rail transport and public port operations.
The authority opened a 10-business-day period for third parties to submit observations. The integration aims to consolidate strategic assets in Colombia's thermal coal export chain.
