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Brazil’s CADE approves Extrafarma-Pague Menos deal with conditions

( June 22, 2022, 21:31 GMT | Official Statement) -- MLex Summary: The Brazilian competition authority has approved with conditions the purchase of the drugstore chain Extrafarma by Pague Menos, according to a statement. The Administrative Council for Economic Defense, or CADE, raised concerns about the deal and conditioned the approval on the sale of Pague Menos’ assets in eight municipalities in the Northeast region to another competing company, aimed at promoting competition in the market.CADE press release follows in Portuguese:...

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