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Bunge-Imcopa approval suspended by Brazilian court of appeals at the request of CervBrasil

By Caio Rinaldi ( July 30, 2021, 17:23 GMT | Insight) -- Bunge’s acquisition of two Imcopa grain processing units in Brazil, which was cleared by the Tribunal of the country’s competition authority in November, has been suspended by a court in response to a request by the Brazilian Beer Industry Association, or CervBrasil. The judicial decision to suspend the approval of an acquisition approved by the competition watchdog is unprecedented.Bunge’s acquisition of two Imcopa grain processing units in Brazil, which was cleared by the Tribunal of the country’s competition authority in November, has been suspended by a court in response to a request by the Brazilian Beer Industry Association, or CervBrasil. The judicial decision to suspend the approval of an acquisition approved by the competition watchdog is unprecedented....

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