Brazil Antitrust Chief Pushes To Block Chemical Merger

Law360, New York (April 22, 2013, 3:59 PM EDT) -- The head of Brazil's antitrust watchdog on Friday urged the agency to block Oxiteno SA Industria e Comercio's acquisition of a Uruguayan chemical company, warning the deal gives the companies control of the bulk of the market for a compound used in soap products.

The general superintendence of the Administrative Council for Economic Defense, or CADE, urged the agency's tribunal to stop Oxiteno's purchase of American Chemical I. C.S.A. based on concerns that together the two companies would hold 60 percent of the market for sodium...
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