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Brazil Watchdog Axes Fuel Co.'s $610M Deal With Rival

By Matthew Guarnaccia (August 3, 2017, 3:57 PM EDT) -- Brazil's antitrust watchdog on Wednesday blocked the proposed acquisition of Brazilian fuel distributor Alesat Combustíveis SA, which does business as ALE, by larger rival Ipiranga Produtos de Petróleo SA, saying the deal, valued at 2.1 billion Brazilian reais ($610 million), would be damaging to competition in regional markets....

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