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Brazil: Competition authority rules In favour of Carrefour

By  |  August 9, 2015

Brazil’s competition watchdog, the Conselho Administrativo de Defesa Econômica, has ruled in favour of Carrefour in its judgement that Abilio Diniz’s recently-increased stake in the retailer, together with his holding in food giant BRF, constitutes fair practice, Reuters reports.

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    The issue was brought before the CADE after Diniz increased his holding in the French multinational to over five per cent, in order to be granted a board seat. His stake in BRF, which is one of the major suppliers of processed foods to Carrefour Brazil, stands at three per cent.

    BRF is the largest poultry-producer in the world, and is behind premium food brands in South America such as Sadia, Qualy and Perdigão.

    Full content: European Supermarket Magazine

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