The billion-dollar merger of UK can-maker Rexam and their North American counterpart, Ball corp., has raised concerns among Brazil’s regulators. Their concerns were voiced less than a week after similar objections were issued by European authorities, worried about a deal that would create a true giant in the global canned beverage market.
Ball Corp, headquartered in Colorado, revealed that CADE’s superintendence has “expressed their concerns regarding any unconditional approval of Rexam’s acquisition by Ball Corp.” The combined business could control up to 61% of the North American can manufacturing industry, along with 69% of Europe’s and 74% in Brazil.
The American company went on to express their disagreement with the Brazilian authority’s assessment, while reassuring listeners that the company will work arduously to address all objections brought to them by the regulators.
Source: Financial Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI