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Brazilian Antitrust Authority Greenlights Goodyear Chemical Unit Sale

By  |  July 13, 2025

Brazil’s antitrust authority, Cade, has given the green light to Goodyear’s plan to divest the bulk of its chemical operations, allowing the $650 million deal to move forward without any conditions, according to a statement released Friday.

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    The regulatory approval was disclosed in Brazil’s official gazette and later confirmed through Cade’s website. The decision was made by Cade’s General Superintendence, which handles preliminary reviews of business transactions in the country. Per a statement from the authority, the deal did not raise concerns warranting additional scrutiny at this stage.

    Goodyear’s divestment involves the sale of the majority of its chemical business, a transaction valued at $650 million. The company has not publicly disclosed the buyer involved in the agreement.

    While the superintendence has cleared the operation, Cade’s administrative tribunal retains the right to revisit the case. Under Brazilian competition law, board members can request a more detailed review if they believe the deal may have broader implications for market competition.

    According to a statement, unless such a reassessment is requested within a designated timeframe, the approval becomes final. So far, no indication has been given that the matter will be escalated for further evaluation.

    Source: Investing