Alba Petróleos Fined in El Salvador

The company was fined $759,924 for failing to petition the Salvadorian Superintendency of Competition to approve to purchase of nine service stations.

Tuesday, November 19, 2013

In addition to the financial penalty, the Superintendencia de Competencia (SC) demanded that the company submit within 30 days an application to follow the procedure which should have been done in the beginning.

The SC ruled that "... the nine operations for buying stations, conducted between November 2011 and July 2012, were made by economic agents independent of each other and exceeded the monetary thresholds established by the Competition Act," reported Elsalvador.com.

"... Concentrations involving the combination of total assets in excess of fifty thousand annual minimum urban wages in the industry or when total revenue exceeds sixty thousand annual minimum urban wages in the industry must seek permission from the Superintendent" .



More on this topic

El Salvador: More gas stations for Alba Petróleos

October 2014

The Superintendency of Competition has approved a request made by the company in January 2014 to acquire eight gasoline stations in the country.

From a statement issued by the Superintendency of Competition in El Salvador:

The Board of the Superintendencia de Competencia (SC) resolved to authorize the application for a merger between Alba Petróleos de El Salvador de SEM de CV resulting from the purchase of eight service stations. The application responded to a penalty imposed by the SC last November, in which it ordered, among other things, the submission of an application for authorization of purchases.

El Salvador: Fines for Anticompetitive Practices Confirmed

October 2013

The Salvadoran Justice system has upheld the fines imposed on electricity distributors and Digicel by the competition regulator.

"The Administrative Litigation Division of the Supreme Court of Justice (CSJ) ruled in favor of the Superintendency of Competition (SC) in two cases: one in which the existence of anticompetitive practices by electricity distributors CAESS and AES CLESA was determined, and the other at the opening of a sanction process against Digicel, for lack of cooperation ", reported Elmundo.com.sv.

El Salvador: Alba Petróleos Investigation Starts

July 2013

The superintendency of competition has began the investigation into alleged anti-competitive practices by Alba Petroleos.

"After analyzing the formal request by the National Association of Private Enterprise (ANEP) (February 5), the Superintendence of Competition has launched an official investigation (February 13, 2013), with the intention of determining whether Alba Petroleum had or had not violated the Competition Act through merging its businesses," noted an article in Elsalvador.com.

Battling Anti Competitive Practices

March 2010

Monitoring news media is a key tool for detecting and researching practices that limit free competition.

In an article in Laprensagrafica.com, Ricardo Pineda details how the Competition Superintendence of El Salvador (SC) utilizes media monitoring to tackle anti competitive practices.

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