SEAE Recommends OJ Merger

SEAE Recommends OJ Merger

M&A

Brazil’s Secretaria de Acompanhamento Economico (SEAE), a unit of the finance ministry, says it recommends the approval of the merger between local orange juice companies Citrosuco and Citrovita. In relation to the juice concentrate market, SEAE highlights the "large idle processing capacity, particularly competitors, which reduces the probability for the exercise of market power." Now the merger must get approval from antitrust unit CADE and the justice ministry. Citrosuco, which is controlled

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