Lima, November 20, 2025 — Peru’s Indecopi reported that its merger control regime has handled 84 notifications worth more than PEN 37 billion (approximately $10.9 billion) since its launch four years ago, marking a major operational milestone as the authority simultaneously expands its enforcement portfolio, accelerates review timelines, and intensifies investigations across key sectors.
Merger control activity
Of the 84 notified deals, Indecopi’s Commission approved 66 unconditionally, cleared five with conditions, saw six withdrawn, and blocked one. Another six reviews remain pending.
Indecopi highlighted that the average Phase I review time in 2025 was 25.5 business days, about 15 percent faster than the statutory limit.
Transactions reviewed over the past year spanned sectors including storage, information technology, financial services, insurance, mining, healthcare, energy, beverages, real estate, and entertainment.
Enforcement activity
So far in 2025, Indecopi has handled four sanctioning procedures, three of which have already been resolved. The authority is also pursuing 14 preliminary investigations into possible unlawful conduct across multiple markets.
Regional cooperation
The data were presented at the event “Sharing International Experiences in Strengthening Competition Institutions,” where senior officials from Uruguay, El Salvador, Argentina, the Dominican Republic, and Brazil joined Indecopi representatives.
Indecopi President Alberto Villanueva Eslava said continued exchanges with foreign enforcers are essential as firms adopt increasingly sophisticated tactics to avoid detection. “We reaffirm our commitment to protecting the competitive process for the benefit of consumers and the country’s economic development,” he added.
