Agreement between JBS and Bertin may be restricted
The purchase of Bertin by JBS, a deal which helped make JBS teh world's largest beef processor, is likely to be approved by Brazil's antitrust agency, CADE, but with restrictions on slaughtering and fresh meat in some states, experts say.
The deal, under review by CADE since 2009, when the deal with Bertin was announced, was the first in a series of acquisitions that gave JBS a leading market share in some states.
The restrictions would be precisely the regions where JBS has the ability to exercise market power, either because of the concentration it holds in cattle slaughter or on the fresh meat market, according to specialists who preferred to remain anonymous.
Information provided by Reuters