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CADE says no need to consider Coty's proposed acquisition of P&G brands to analyze Coty-Hypermarcas deal

By Ana Paula Candil ( December 7, 2015, 22:14 GMT | Insight) -- In its approval of Coty’s acquisition of Hypermarcas beauty unit, the Brazilian competition agency rejected an argument that Coty’s separate acquisition of product brands from Procter & Gamble should be taken into account because the agency hadn't been notified of that transaction. Officials today also allowed Coty's rival, Henkel, to participate in the case, which gives the German company the right to appeal the clearance decision in 15 days.In today's approval of Coty’s acquisition of Hypermarcas beauty unit, the Brazilian competition agency rejected an argument that Coty’s separate acquisition of product brands from Procter & Gamble should be taken into account because the agency hadn't been notified of that transaction....

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