This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Rumo allowed to participate in VLI Multimodal-Progress Rail deal review post-approval

( February 21, 2018, 21:30 GMT | Official Statement) -- MLex Summary: Brazilian competition authority President Alexandre Barreto has authorized rail transportation company Rumo to participate  in the Administrative Council for Economic Defense, or CADE, investigatory unit's review of rival VLI Multimodal's buyout of Progress Rail Locação de Locomotivas, already approved without restrictions, because the approval came before the deadline for third parties to request their participation in the case review. Barreto said Rumo's request was legitimate because it was made by the deadline and because the company competes with VLI in the rail market. Rumo has until Feb. 23 to appeal the Superintendence's approval the deal. If it does, the case will be assigned to a Tribunal member who will analyze Rumo's request.See document below (in Portuguese)....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Documents

Related Sections