Grupo Calleja Pulls Out of Almacenes Europa Purchase

The application for authorization for economic concentration by Grupo Calleja with the Superintendency of Competition in El Salvador has been withdrawn after negotiations were broken off.

Friday, February 10, 2012

A press release from the Superintendency of Competition in El Salvador states:

Lawyers representing Grupo Calleja who filed a request for authorization for economic concentration resulting from Calleja’s purchase of Europa S.A. de CV have filed a new document stating that "....negotiations between my client and the company Europa S.A. de CV and its shareholders, for attaining the final agreement on the purchase of inventory and rental of equipment subject to the operation having become thwarted, it is now withdrawing its application for economic concentration."

More on this topic

Banco Azteca Purchase Completed

June 2019

Perinversiones S.A. de C.V. completed the purchase of the majority stake in Banco Azteca El Salvador.

At the end of last month, the Superintendency of Competition of El Salvador informed that the application presented by those involved for the purchase of 100% of the capital stock of Banco Azteca by the company Perinversiones and nine natural persons had been admitted, authorizing this economic concentration on Wednesday, May 22, 2019.

Acquisition of Telephone Company Declared Unacceptable

May 2019

In El Salvador, the Superintendence of Competition reported that "it has declared inadmissible the request for economic concentration presented by América Móvil S.A.B. de C.V., on March 5 of this year."

"When a new application for authorization is submitted, the SC will continue this process on the basis of a technical, legal and economic analysis, under the principle of independence that the LC mandates and distinguishes its actions, with the sole objective of protecting and ensuring competition in the country," reported the Superintendence of Competition (SC).

Walmart Buys Hiper Europa Store

October 2012

The Superintendence of Competition in El Salvador has ruled that the transaction does not classify as monopolistic concentration.

Europa SA, the third largest supermarket chain in El Salvador after Walmart and the Guatemalan Hiper Paiz, had closed the store last week, which was ranked as Central America's largest when opened in 1998.

Grupo Calleja Looks At Buying Almacenes Europa

January 2012

The Salvadoran Superintendence of Competition has received a request by Calleja SA, owner of Súper Selectos, to buy Almacenes Europa.

The request, which will be reviewed by the Board of the Superintendency of Competition (SC), was presented on January 2nd and is for the purchase of the five of sales outlets belonging to Europa SA, owner of Almacenes Europa and Hiper Europa.