SÃO PAULO, 10 Dec (Reuters) – The purchase of Cobasi by Petz (), which will form the largest chain of pet products and services stores in Brazil and one of the largest in Latin America, can continue, subject to compliance with restrictions that include the sale of stores, mainly in the State of São Paulo, according to the vote of the rapporteur of the case at the Administrative Council for Economic Defense (Cade), presented this Wednesday.
‘I recognize that the ACC (Concentration Control Agreement) will result in a better competitive situation compared to the current situation’, said rapporteur José Levi Mello do Amaral Júnior when presenting his vote at the Cade Court, which will decide on the continuation of the transaction announced in April last year.
‘The ACC seems good to me, because it guarantees a better competitive situation’, added Amaral Júnior.
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The trial of the case at the competition defense authority continues.
