White Martins doubts data in Air Liquide–Grupo Lumiar deal, seeks third-party status
By Henrique Santiago ( May 5, 2026, 19:53 GMT | Insight) -- White Martins, a rival firm to Air Liquide Brasil and Grupo Lumiar, told the Brazilian competition regulator that the two parties provided inconsistent market data in the notification form regarding their proposed merger, and it flagged other potential risks. The watchdog has yet to decide whether it will accept White Martins’ participation as a third party.White Martins, a medical and industrial gases producer and distributor, requested to participate as a third party in the Brazilian competition authority's review of Air Liquide Brasil’s proposed acquisition of Grupo Lumiar. The regulator has been examining the case under the full-form procedure....
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