Brazil’s Antitrust Authority Approves Marfrig-BRF Deal

SAO PAULO – Brazilian antitrust authority CADE has approved a merger deal between beef producer Marfrig (MRFG3.SA), opens new tab and food processor BRF, the companies said in a joint securities filing.

The transaction was approved without restrictions because it does not raise any competition concerns, CADE said in a press release.

“The joint market share of companies in markets with horizontal overlap, where both offer similar and competing products, is less than 20%,” CADE said.

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