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CADE approves purchase of Argentine company by Brasil Foods

Brazil’s antitrust body, CADE, has unanimously approved, with restrictions, the purchase by Avez, a subsidiary of Brasil Foods, of Argentine companies owned by Dánica, which make margarine and oil.

Brasil Foods will have to meet CADE’s conditions, one of which is designed to restrict the creation and use of margarine brands on the Brazilian market.

The rapporteur on the case, Elvino de Carvalho Mendonça, has stressed that the restriction is on margarine brands, not the product manufactured. "Nothing prevents Argentina exporting margarine itself," he said. For other products, there is no restriction because they were not considered relevant markets by CADE in its ruling on the merger between Sadia and Perdigão.

Information provided by Valor Economico

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