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CADE clears Petrobras-Petrotemex deal with behavioral remedy

( February 7, 2018, 21:49 GMT | Official Statement) -- MLex Summary: The Brazilian antitrust agency has cleared Petrotemex's purchase of PET resin maker Companhia Integrada Têxtil de Pernambuco, or Citepe, and raw material supplier Companhia Petroquímica de Suape, or Suape. The majority of members of the Tribunal of the Administrative Council for Economic Defense, or CADE, voted with lead councilor Cristiane Alkmin Junqueira Schmidt to approve the deal, conditioned on a behavioral remedy designed to mitigate anticompetitive effects.Statement follows below in Portuguese:...

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