Mergers & Acquisitions Mergers & Acquisitions

Seara-Bunge margarine, mayonnaise deal cleared by Brazil's CADE

By Caio Rinaldi
  • 03 Aug 2020 14:59
  • 03 Aug 2020 14:59
The acquisition of Bunge’s mayonnaise and margarine units in Brazil by J&F Group’s Seara Alimentos has been approved without restrictions by the Brazilian competition watchdog after nearly five months of review.

The Superintendence of the Administrative Council for Economic Defense, or CADE, concluded the deal won’t increase Seara’s ability to “unilaterally or coordinately”

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