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Novo Atacado and Grupo Mateus defend deal after competitors’ queries

By Maria Júlia Baumert ( October 28, 2024, 15:21 GMT | Insight) -- Grupo Mateus defended its acquisition of Novo Atacado operations in Pernambuco, Alagoas and Paraíba, following up on responses made by competitors to Brazil's Administrative Council for Economic Defense. The deal will not hinder market competition, Grupo Mateus said, citing the data from the market test and the continued expansion of retail businesses in the affected regions.Grupo Mateus defended its acquisition of Novo Atacado operations in Pernambuco, Alagoas and Paraíba, following up on responses made by competitors to Brazil's Administrative Council for Economic Defense....

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