The approval by Brazil’s Administrative Council of Economic Defense (CADE) for the sale of dairy producer Itambé to French company Lactalis was ratified on Thursday, February 15, when the deadline for filing appeals passed.
The regulatory agency had approved the decision at the end of January, without restrictions. Now approved by the board, the sale is recognized as a legal transaction.
The decision of CADE gives a boost to the Central Cooperative of Rural Producers of the state of Minas Gerais (CCPR), chaired by businessman Marcelo Candiotto (also president of Itambé), to strengthen the position of the cooperative in the case it faces against Vitgor Alimentos, former partner of Itambé and now owned by the Mexican group Lala. “The matter has been resolved from the point of view of competition. All that remains is to investigate, “said Candiotto.
Full Content: EM
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 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