The probe is related to the supply, wholesale distribution and marketing of consumer goods.
Walmart’s Mexico unit led losses on Mexico’s S&P/BMV IPC stock index on Monday, with shares down 5.5%.
A source familiar with the matter said the company in question was Walmart’s Mexico unit, which on Friday reported it would face an antitrust panel into “alleged relative monopolistic practices” after a three-year Cofece investigation. “The company is reviewing the notification, with 45 business days to present arguments and evidence,” it said, adding that it was confident of having acted lawfully to ensure good prices and product supply.
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