Antitrust Antitrust

CIIS, VLT Carioca settle gun-jumping probe in Brazil

By Ana Paula Candil
  • 21 Sep 2022 21:16
  • 21 Sep 2022 21:16
Companhia de Investimentos em lnfraestrutura e Serviços (CIIS) and Concessionária do VLT Carioca have agreed to pay 604,216 reais ($116,937) to settle a gun-jumping investigation in Brazil.

The case involves the failure to notify several stake acquisitions by CIIS in Concessionária do VLT Carioca between February and August 2019 until CIIS became VLT's

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