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Naspers rebuts CADE gun-jumping charges in deal with Delivery Hero

By Ana Paula Candil ( July 27, 2022, 14:37 GMT | Insight) -- South Africa-based Internet and entertainment group Naspers Limited has rebutted the Brazilian competition authority’s charges that it jumped the gun by failing to notify a 2017 transaction with Germany-based food-delivery app Delivery Hero. Federal prosecutors within the Administrative Council for Economic Defense, or CADE, in June recommended that the Tribunal fine Naspers and require the company to notify the deal, following the Superintendence’s opinion on the case.South Africa-based Internet and entertainment group Naspers Limited has rebutted the Brazilian competition authority’s charges that it jumped the gun by failing to notify a 2017 transaction with Germany-based food-delivery app Delivery Hero....

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