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Dana Inc. subsidiary can join in Brazilian review of Fras-Le’s buyout of Nakata

By Caio Rinaldi ( March 17, 2020, 21:45 GMT | Insight) -- The Brazilian competition authority has accepted a Dana Inc. subsidiary's petition to participate as an interested third party in the review of Fras-Le’s proposed acquisition of parts supplier Nakata Automotiva. The Superintendence of the Administrative Council for Economic Defense, or CADE, recognized Dana’s legitimacy to participate in the review, given that the decision is expected to affect markets in which Dana operates, especially the brake-pad segment for light vehicles in the aftermarket.The Brazilian competition authority has accepted a Dana Inc. subsidiary's petition to participate as an interested third party in the review of Fras-Le’s proposed acquisition of parts supplier Nakata Automotiva....

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