Updated: November 26, 2020 08:46 PM
Created: November 26, 2020 05:48 PM
MEXICO CITY (AP) - Mexico’s anti-monopoly commission says it has begun a formal investigation into possible monopolistic practices in wholesale and retail goods distribution and sales, a probe that appears to involve Wal-Mart’s Mexican subsidiary.
The Federal Economic Competition Commission did not identify its target Thursday, but Wal-Mart de Mexico told investors earlier this week that it has been notified of an investigation involving the company in exactly those areas.
It is not clear what the supposed practices involved, but as Mexico's largest retailer, Wal-Mart has significant leverage with suppliers.
The company had said it acts in accordance with Mexican laws and will defend itself.
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