Brazilian Antitrust Watchdog Clears Retailer Tie-Up

Law360, New York (April 17, 2013, 7:02 PM EDT) -- Brazil's competition authority on Wednesday signed off on supermarket operator Grupo Pao de Acucar SA's merger with appliance retailer Casas Bahia Comercial Ltda., after GPA agreed to sell off more than 70 of its storefronts in the country.

The Brazilian Administrative Council for Economic Defense, known as CADE, approved the deal between GPA and Casas Bahia, which was first agreed to in 2009 and would create the largest retail company in Brazil, the regulator said in a statement. With the merger, GPA has created a new...
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