No to Walmart Once Again

Authorities in Costa Rica confirmed their judgment against Walmart's request to buy the supermarket chain Gessa, ending the case through administrative channels.

Thursday, January 31, 2019

At the beginning of December 2018, the Commission for the Promotion of Competition (Coprocom) denied Walmart the request to purchase the Gessa group. Days later, the two companies involved in the transaction filed two appeals to overturn the decision.

See "Acquisition of Supermarket Chain is Claimed" and "Supermarket Chain Purchase Stopped"

On January 29, Coprocom resolved the revocation appeals filed separately on December 19, ratifying its rejection of Walmart's request to acquire Grupo Empresarial de Supermercados S.A. (Gessa), owner of the Perimercados, Saretto and Súper Compro chains.

You may be interested in "Where are the supermarkets in Central America?"

Rodolfo Cheves, president of Coprocom, confirmed to Nacion.com that "... the decision of the entity which was unanimous of the four members present at the session. There were other commissioners who were inhibited from participating in the vote because at some point they had a relationship with the companies involved in the process. This is the final decision and the case is closed in the administrative way."

Cheves added: "... I would not say that there is an improper consolidation (with the purchase), but there are the same arguments and the same fears expressed previously. In other words, because of the size of the market, the effects on competition, suppliers and impacts on the consumer were relevant."

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More on this topic

Supermarket Chain Sales Authorized

March 2020

In Costa Rica, the sale of Grupo Gessa's supermarket chain, composed of 52 stores, to Grupo Empresarial de Retail S.A. was authorized.

On December 12, 2019 the file for the sale of Grupo Empresarial de Supermercados S.A. was presented. (Gessa), owner of the chains of stores of the formats Peri, Súper Compro and Saretto, to Grupo Empresarial de Retail S.A.

New Attempt to Sell Supermarket Chain

December 2019

Almost a year after Walmart's application to acquire Grupo Gessa's supermarket chain in Costa Rica was denied, a new agreement is now announced between Grupo Gessa and Grupo Empresarial de Retail S.A.

In January of this year, it was reported that local authorities ratified their ruling against Walmart's request to buy supermarket chain Gessa, arguing that the transaction presented problems of eventual concentration.

Acquisition of Supermarket Chain is Claimed

December 2018

In response to the brake placed by the Commission for the Promotion of Competition on the purchase of Gessa by Walmart, in Costa Rica both companies presented two independent appeals that seek to revoke the blockade of the transaction.

Last week, the Commission for the Promotion of Competition (Coprocom) denied Walmart the purchase request of the supermarket group Gessa, and just days later, on December 10th, the two companies participating in the transaction filed two appeals to overturn the judgment.

Supermarket Chain Purchase Stopped

December 2018

Arguing that there are risks that the economic agent will affect market prices, in Costa Rica the Commission for the Promotion of Competition denied Walmart the request to purchase the supermarket group Gessa.

Representatives of the Commission for the Promotion of Competition (Coprocom) informed that the decision was taken unanimously on December 4th and the parties were notified the following day.

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