Hints and tips:
Related Special Reports
...“I don’t think we’ve seen the last of this volatility, especially when you think about inflation, the big R word [recession], broader economic uncertainty and everything going on in Europe,” said Cade Thompson...
...Cade, the antitrust regulator, also suspended WhatsApp’s partnership with Cielo, a transaction processor....
...In May, CADE, Brazil’s antitrust authority, approved the sale....
...In July this year, the fine was later lowered to R$230m in a settlement with Cade. In another case, Cade reined in Ambev after it began distributing beer in proprietary bottles....
...Cade earlier this year began proceedings alleging 18 companies, including Siemens, Alstom, Japan’s Mitsui, Canada’s Bombardier and others, and 109 individuals colluded to win tenders amounting to R$9.4bn...
...Cade, Brazil’s antitrust body, which has voiced concern over the frantic deal-making in an industry vital to the country’s economic and social development, is likely to play a decisive role in any transaction...
...According to the market price for Telefónica Brasil at the time, the offer amounted to a total of R$20.1bn....
...Yes, Oi would need to divest assets to placate the antitrust regulator CADE in those markets where the new entity would exceed 50 per cent share....
...In order to free up resources for Cade to achieve these tighter deadlines, the threshold for deals that it must analyse was raised to R$750m minimum revenue for the larger company in a transaction and R$75m...
...Local media reported that they had been fined R$26m and R$4m respectively....
...Cade has 30 days to decide whether they have broken the law – if found guilty, the companies could be fined up to R$60m each and the transaction may be “annulled”....
...The transaction will be subject to approval by Cade, Brazil’s antitrust regulator....
...This has since been increased to R$750m and R$75m. Ana Paula Martinez, lawyer with Levy & Salomão Advogados in São Paulo, estimates that the higher threshold will reduce Cade’s caseload by about half....
...“I’m almost certain that Cade (Brazil’s competition watchdog) would enter into the matter and get in the way of the process,” she said. “It could take up to a year for the deal to actually go through.”...
...The company’s shares jumped by 9.8 per cent after the ruling to R$28.55, the biggest rise in more than two years....
...its margarine lines - Allowing competitors to operate some of its distribution network - Putting caps on investment in marketing - Sharing points of sale At best, Brasil Foods, which brought in about R$23bn...
...With as many as 2,386 stores across Brazil and annual sales of about R$65bn ($41bn), expanded Pão de Açúcar would be by far Brazil’s biggest retailer, with about a third of the local market....
...Little wonder it was used for the filming of the 1971 BBC television series Elizabeth R, starring Glenda Jackson....
International Edition