Mariana Sepúlveda

Senior Economist

msepulveda@carey.cl
+56 2 2928 2207



Member of Carey’s Corporate, Mergers & Acquisitions, Antitrust and Regulated Markets, and Tax Groups. Her practice is focused mainly on economic analysis in antitrust, regulation, mergers and acquisitions; and transfer pricing for local and international tax consulting, capital markets and foreign investment transactions.


REPRESENTATIVE EXPERIENCE

  • Mastercard International on its defense before the TDLC, in the lawsuits for alleged anti-competitive conduct in the payment card business, presented by the payment service providers PayU Chile, Dlocal Chile, PPRO Chile and Paygol Chile.
  • Banco Internacional on the mandatory merger control procedure before the FNE in relation to the acquisition of control of Autofin by Banco Internacional.
  • Veolia Environnement on the mandatory merger control procedure before the National Economic Prosecutor's Office (FNE) related to the acquisition of control over Suez through a public tender offer.
  • BCI on its defense before the TDLC against an antitrust claim for an alleged exclusionary practice and collective abuse of dominant position, by denying the opening of bank accounts, filed by the cryptocurrency exchange platforms Buda.com and CryptoMKT.
  • Aela Energía on the mandatory merger control procedure before the FNE, for the acquisition of Aela Energía Chile by Innergex.
  • Celeo Redes and APG Group on the merger control procedure before the National Economic Prosecutor's Office (FNE) regarding the acquisition of control over Colbún Transmisión by Alfa Desarrollo, an investment company indirectly owned by APG and Celeo.
  • Banco Santander Chile on the mandatory merger control procedure before the FNE regarding the creation, in partnership with Zurich Insurance Mobile Solutions, of an autonomous joint venture for the development and provision of digital insurance brokerage services.
  • Fresenius Kabi Chile and Laboratorios Sanderson on a judicial defense regarding a lawsuit submitted by the FNE for an alleged bid rigging collusion. The FNE accused Fresenius Kabi, Sanderson and Laboratorios Biosano of colluding from 1999 to 2013 on several bids conducted by Cenabast.
  • Cencosud on its judicial defense regarding a lawsuit submitted by the FNE against Cencosud and two other supermarkets, for alleged collusion in fixing the resale price of chicken in the grocery store market.
  • Mitsui O.S.K. Lines on its judicial defense regarding a lawsuit submitted by the FNE against several car shipping companies for alleged bid rigging collusion.
  • Scotiabank on the merger control procedure before the National Economic Prosecutor regarding the acquisition of BBVA Inversiones Chile, parent company of Bank BBVA, and other subsidiaries active in banking and finance in Chile, by Nova Scotia Inversiones.

ACTIVITIES AND MEMBERSHIPS

  • Professor of Economics in the Diploma of Antitrust, Universidad Católica de Chile (2020-2022).
  • Head of Research, Econsult Capital (2013-2017).
  • Deputy Manager Development and Planning, Econsult (2009-2012).
  • Senior Analyst Economic and Financial Consulting, Econsult (2007-2008).
  • Associate Director, Corporations, Fitch Ratings, London (2005-2006).
  • Associate Director, Fitch Ratings, Chile (2000-2004).
  • Research Assistant, Duff & Phelps, Chile (1999).

EDUCATION

  • Economist, Universidad de Chile.
  • Degree in Antitrust and Competition Law, Universidad Católica de Chile (2017).

LANGUAGES

  • Spanish.
  • English.

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