The Secretaria de Direito Econômico (SDE), the antitrust authority of Brazil’s Justice Ministry, has recommended approving Hypermarcas’ acquisition of Mantecorp Industria Quimica & Farmaceutica. SDE agreed with the Secretaria de Acompanhamento Econômico (SEAE) of the Finance Ministry’s assessment: the SEAE conditioned approval on a non-compete restriction clause.
Full content: Bloomberg
Related content: Merger Control Reform in Brazil (Victor Pavon-Villamayor, Federal Communications Commission & Leopoldo Pagotto, Veirano Advogados)
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