#ChileEconomicProsecutor, #GilinskiGroup, #AcquisitionInvestigation, #GrupoNutresa, #MarketCompetition, #TresmontesLucchetti, #ConsumerBrands, #MonopolyConcerns
The National Economic Prosecutor’s (FNE) office in Chile has publicized its intent to probe the recent acquisition of Grupo Nutresa by the Gilinski Group. This investigation springs from concerns around market concentration and competition, given the already notable presence the latter entity has in the market. The Gilinski Group’s disclosure of the deal to the FNE on September 12 elicited this response; the proposal has raised eyebrows owing to Grupo Nutresa’s existing commercial presence in Chile.
Grupo Nutresa has a foothold in the Chilean market through its affiliate, food retailer Tresmontes Lucchetti (TMLUC). As a prominent player in the local market, TMLUC owns four production plants in the Southern Cone nation. Moreover, in Colombia, Grupo Nutresa enjoys significant recognition through its consumer brands such as Zenú, Jet, Sello Rojo, Colcafé, Matiz, Crem Helado, Doria, and Monticello. These brands have familiarized themselves well within the Andean country’s marketspace. As of 2022, TMLUC contributed about 9% of Nutresa’s earnings, according to a report by Valora Analitik. Interestingly, the acquisition of Nutresa by the Gilinski Group followed a prolonged struggle involving multiple parties and complicated terms, finally culminating in an agreement in May.
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