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CADE Superintendence recommends fines in Brazilian ethanol cartel probe

( March 27, 2023, 20:59 GMT | Official Statement) -- MLex Summary: The Brazilian competition authority's Superintendence has recommended that the agency's Tribunal fine Miriri Alimentos e Bioenergia and its president-director, Gilvan Celso Cavalcanti de Morais Sobrinho, for inviting players in the ethanol market to form a cartel during a workshop, according to a statement. "This type of conduct is harmful and can artificially change the characteristics of the market in order to ... influence competitors to act in a convergent manner in the sector," the Superintendence said. The case will be referred to the Tribunal of the Administrative Council for Economic Defense, or CADE, for a ruling.CADE press release follows in Portuguese:...

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