Brazilian antitrust regulators approved a tie-up between Fibria Celulose SA and Suzano Papel e Celulose SA, paving the way for the creation of the world’s biggest pulp producer.
In a document filed late on Thursday, before a national holiday in Brazil, a technical board of the Cade antitrust authority approved the $11 billion transaction without imposing any restrictions.
Third parties may still appeal the decision, or a Cade board member could question it and send it to a full-board vote. In practice, though, that rarely happens. That would make Cade the latest in a string of competition watchdogs to sanction the deal, pending only approval in Europe, which is expected by Nov. 15.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Former Sales Pro Admits to Bid Rigging Targeting US Schools
May 13, 2024 by
CPI
Macron Advocates EU Financial Integration Amid Push for Global Competitiveness
May 13, 2024 by
CPI
Microsoft Faces EU Antitrust Charges Over Teams Software
May 13, 2024 by
CPI
EU Antitrust Complaint Filed Against Edwards Lifesciences by Indian Rival Meril
May 13, 2024 by
CPI
South Korea’s Antitrust Watchdog Partners with AliExpress and Temu to Address Safety Concerns
May 13, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI