Federal Prosecutor says CADE’s clearance of concrete deals could be challenged before Judiciary

Following yesterday’s judgment session during which two acquisitions of assets related to concrete services market were cleared without conditions (please refer to the post below), the Federal Prosecutor before CADE has stated the administrative decision could be challenged before the Federal Judicial Courts.

According to him, CADE’s decision was contrary to the opinions from the SDE and SEAE (the two other agencies involved in the Brazilian merger review system) and allows high concentration which could have a negative impact in the market.

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