THE Administrative Council for Economic Defense (Cade)Autarchy linked to the Ministry of Justice and Public Security, approved this Friday (5), without restrictions, the incorporation of the company BRF by the multinational Marfrig.
According to Cade, The operation will result in the incorporation by Marfrig of all BRF actions that were not yet under their control. On the other hand, shareholders of the incorporated company will receive papers from Marfrig.
According to the municipality, the business does not bring competition concerns. “The joint participation of companies in markets with horizontal overlap, in which both offer similar and competitors, is less than 20%, percentage below the presumed level as a dominant position,” he said in a statement.
Cade also found that in vertically integrated markets, when one company operates at one stage of the production chain and the other in subsequent or anterior stage, the slice of each part is less than 30%, “reducing the possibility of market closure.”
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Marfrig is a Brazilian multinational dedicated to the production of high value -added foods based on animal protein, especially bovine, such as hamburgers and other products ready for consumption. BRF, which will join the group, operates in the creation, production and slaughter of poultry and pigs, as well as the industrialization, marketing and distribution of meat freshprocessed products, pasta and margarines, among others.
