A PYMNTS Company

Brazil: CADE approves Louis Dreyfus, Amaggi JV

By  |  October 4, 2018

Brazil’s antitrust regulator CADE has given the green light to a joint venture between French commodities trader Louis Dreyfus Company and Brazilian soy processor and exporter Amaggi, Reuters reported.

According Reuters, the tie-up will create a digital platform to offer integrated solutions for road freight for shippers and transporters.

The approval comes after Brazil adopted fixed minimum freight prices, part of a deal between the government and truckers to end a strike in May over rising diesel prices that paralyzed the country. The fixed freight pricing raised costs by billions of reais, according to exporters’ associations.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.