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Federal court rejects Brinks Seguranças' appeal of geographical restrictions to acquisition deal

( April 23, 2014, 09:22 GMT | Official Statement) -- MLex Summary: A federal court in Brasília has rejected a motion for clarification from the Brazilian branch of American security services company Brinks Segurança. Brinks is appealing a decision by the Brazilian competition authority to change a non-compete clause attached to the approved acquisition of fellow security companies Setal and Sebiival. The clause concerns geographical limitations in the states of Mato Grosso do Sul, Mato Grosso, São Paulo, Santa Catarina and Paraná....

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