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CADE to review TPG, M&G resin production deal

( December 5, 2014, 13:49 GMT | Official Statement) -- Mlex Summary: The Brazilian competition authority has been notified about Magnate’s plan to acquire a minority stake of 27.2 percent in M&G Chemicals subsidiaries M&G Newco and M&G Resinas Participações. The companies signed an agreement on Oct. 2. The deal involves polyethylene terephthalate (PET) resins production. Magnate is a subsidiary of TPG Magnate Holdings LP, a global private equity firm and fund manager that invests through acquisitions and corporate restructurings. M&G Chemicals is a group of companies, held by Grupo M&G, that operate in the production of PET resins and enginnering for the construction of PET and natural gas plants.Read the OJ statement below (in Portuguese):...

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