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Brazil: Antitrust agency clears Diniz stakes in BRF, Carrefour

 |  August 5, 2015

Brazilian antitrust agency Cade dismissed concerns that Abilio Diniz’s holdings in the local unit of French retailer Carrefour SA and food processor BRF SA pose a risk to competition.

Cade also ruled late on Tuesday that Diniz was not violating antitrust law by renting real estate to GPA SA, the family company that he expanded into Brazil’s biggest retailer before leaving in a shareholder spat with France’s Casino SA.

Full content: Reuters

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