Carrefour, Grupo BIG tell CADE their deal will reduce prices, improve product quality
By Ana Paula Candil ( January 6, 2022, 21:43 GMT | Insight) -- Brazilian food retailer Grupo Carrefour and rival Grupo BIG have told the Brazilian competition authority their deal will result in efficiencies that will ultimately reduce prices to consumers and improve product quality. In November, the Superintendence of the Administrative Council for Economic Defense, or CADE, declared the deal 'complex' because of high concentrations in the segments of supermarket, hypermarket and wholesale stores, and asked the parties to tell how customers will be better off after the deal.Brazilian food retailer Grupo Carrefour and rival Grupo BIG have told the Brazilian competition authority their deal will result in efficiencies that will ultimately reduce prices to consumers and improve product quality....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.