Brazil’s CADE moves to drop 99Food dominance probe
( June 25, 2026, 21:51 GMT | Official Statement) -- MLex Summary: The Superintendence of Brazil’s Administrative Council for Economic Defense (CADE) has recommended closing an initial investigation, known as an administrative inquiry, into 99Food’s alleged abuse of dominant power in the food delivery app market. The case stemmed from a complaint filed by competitor Keeta. After conducting market tests, the competition authority’s investigative arm concluded that 99Food holds a market share of below 20 percent in terms of orders and customers.CADE notice follows (in Portuguese):...
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