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Danfoss-Eaton deal should be approved conditioned on sale of 'some' foreign assets, CADE investigators say

By Ana Paula Candil ( January 11, 2021, 18:59 GMT | Insight) -- Danfoss' planned buyout of rival Eaton’s hydraulics business for $3.3 billion should be approved only with structural remedies involving the sale of "some" of the parties' foreign assets, Brazilian antitrust investigators said in a recent opinion, MLex has learned. The case was sent to Tribunal Councilor Lenisa Rodrigues Prado of the Administrative Council for Economic Defense for a definitive ruling.Danfoss' planned buyout of rival Eaton’s hydraulics business for $3.3 billion should be approved only with structural remedies involving the sale of "some" of the parties' foreign assets, Brazilian antitrust investigators said in a recent opinion, MLex has learned....

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