Updated Thresholds for Merger Control Filings

Starting February 1, 2026, the merger control thresholds pursuant to the Federal Economic Competition Law will be adjusted, due to the publication of the new value of the Measurement Unit (UMA) by the National Institute of Statistics and Geography (INEGI) on January 8, 2026. The new thresholds are the following1:

1. If the transaction or series of transactions, regardless of the place of execution, represent, within Mexico, directly or indirectly, a value greater than MXN$1,876.96 million pesos (approximately USD$104.47 million and EUR€89.53 million); and/or 
2. If the transaction or series of transactions result in the acquisition/accumulation of 30% or more of the assets or shares of an economic agent whose total assets or annual sales located/originated in Mexico are worth more than MXN$1,876.96 million pesos (approximately USD$104.47million and EUR€89.53 million); and/or
3. If the transaction or series of transactions result in (1) an acquisition/accumulation within Mexico of assets or capital stock in excess of MXN$868.09 million pesos (approximately USD$48.32 million and EUR€41.41 million), and (2) the assets located in Mexico or annual sales originated in Mexico of all of the economic agents involved in the concentration (seller, purchaser and target), jointly or separately, are worth more than MXN$4,692.40 million pesos (approximately USD$261.18 million and EUR€223.82 million).

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1 Considering an exchange rate of MXN$17.97 per USD, and MXN$20.97 per EUR.