Notification thresholds 2024

On January 24th, 2024, Resolution 48/2024 of the Secretary of Commerce was published in the Official Gazette of Argentina. This resolution updates the value of the Mobile Unit defined in Article 85 of Law No. 27.442 to five hundred and six pesos and nineteen cents (AR$ 506.19).

The new value of the Mobile Unit will come into force the day after its publication in the Official Gazette, i.e. on January 25, 2024.

In accordance with the provisions of the Resolution, the new thresholds to proceed with the mandatory notification before the CNDC will be as follows:

(I)         That the total turnover of the purchasing group together with the target company exceeds 100,000,000 of Mobile Units in the country (equivalent, for year 2024, to AR$ 50.619.000.000 and US$ 60.135.432,13*); and

(II)        That the value of the transaction or the value of the assets located in Argentina to be transferred exceed the amount equivalent to 20,000,000 Mobile Units (equivalent, for year 2024, to AR$ 10.123.800.000 and US$ 12.027.086,42*). Transactions not exceeding this threshold are also included if, added to previous transactions by the same buyer in the same market, during the previous 12 months, exceed such amount or the amount equivalent to 60,000,000 Mobile Units (equivalent, for year 2024, to AR$ 30.371.400.000 and US$ 36.081.259,28*) during the previous 36 months.

*The values of the thresholds indicated in U.S. dollars were calculated at the official exchange rate for sale of Banco Nación as of 01/24/24, which is $841,7500. It may be subject to changes according to variations in the official exchange rate.