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Mexico: Watchdog accuses companies of condom price fixing

 |  March 20, 2018

Mexico’s anti-monopoly commission, COFECE, has accused two companies of colluding to fix prices on condoms bought by public health care institutions.

Mexico’s COFECE said Tuesday, March 20, the companies manipulated prices so that one, Dentilab, would get 80% of orders.

The other company, Grupo Holy, agreed to get the remaining 20%.

The Commission says the alleged scheme was arranged to secure contracts from health care institutions in 2009, 2011 and 2012.

It says price-fixing on condoms and catheters cost the government about 177 million pesos (US$9.5 million). Both companies have been fined.

Full Content: National Post

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