A PYMNTS Company

Brazil’s Antitrust Regulator Approves Merger of Cobasi and Petz Without Restrictions

By  |  June 3, 2025
Brazil Mergers

Brazil’s top antitrust authority, Cade, has granted unconditional approval for the merger between leading pet product retailers Cobasi and Petz, according to a statement published on the agency’s website Monday. The green light paves the way for the combination of the country’s two largest players in the pet retail market.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The approval, which comes more than a year after the proposed deal was initially announced, could represent the final regulatory step required for the merger to proceed. However, per a statement from Cade, a 15-day window remains open during which parties may file an appeal. Should an appeal be lodged, the matter would then be reviewed by Cade’s internal tribunal.

    Originally disclosed in April of last year, the transaction involves a mix of cash and share swaps. If completed, it would consolidate Cobasi and Petz into a single entity with significant market reach and scale in Brazil’s expanding pet care sector.

    According to a statement from the antitrust agency, the decision was made without imposing any conditions on the companies, signaling that regulators found no substantial concerns regarding competition or consumer impact arising from the deal.

    Related: Brazil’s Antitrust Watchdog Expected to Approve Pet Retail Merger Without Conditions

    Source: Investing