The Superintendency of Industry and Commerce (SIC) has opened the review of a request for authorization of the business integration between El Market and Globoshops. This operation involves several companies in the commercial sector focused on selling products in tourist areas like airports. The agency invites third parties to submit relevant information within 10 business days.
The Superintendency of Industry and Commerce (SIC) announced the opening of the analysis of a business integration request filed under number 25-644996. The notice was published on January 20 on the entity's website. The involved companies are Sapia CI S.A.S., Smaragdus S.A.S., Almacenes Tisquesusa S.A.S., and Globoshops S.A.S.
The proposed transaction involves a combination between El Market and Globoshops, companies specialized in the commercialization of various consumer products. These firms operate mainly in high-traffic tourist areas, with a focus on the country's airports. The purpose of the study is to assess the potential effects of this operation on market competition.
The SIC has invited interested individuals or entities to provide information that contributes to the analysis. This submission must occur within the 10 business days following the notice's publication. In this way, the superintendency aims to ensure a thorough and transparent review of the process.
This review is part of the SIC's regulatory functions to oversee integrations that could impact competitive dynamics in key sectors such as retail trade in strategic areas.
