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Smurfit Kappa, Westrock ask Brazil's CADE to proceed with fast-track review, despite questions over containerboard market share

By Flavia Fortes ( November 16, 2023, 20:45 GMT | Insight) -- Smurfit Kappa and Westrock asked the Brazilian antitrust regulator to proceed with the review of their deal under the fast-track procedure, despite questions over whether their share of the containerboard market exceeds the threshold for summary review. The companies said the previous estimate of Westrock’s participation in the containerboard market between 30-40 percent in 2019 was an overestimation, and the agency should use the information provided in the initial filing, which has the combined market share of the companies at less than 20 percent. Smurfit Kappa and Westrock asked the Brazilian antitrust regulator to proceed with the review of their deal under the fast-track procedure, despite questions over whether their share of the containerboard manufacturing market exceeds the threshold for summary review....

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