Brazil Urges Antitrust Fix For Nordic Paper Cos. Tie-Up

Law360, New York (April 26, 2013, 6:39 PM EDT) -- Brazil's antitrust enforcer on Friday proposed requiring Finland's Ahlstrom Corp. to sell certain paper-making assets in order to join forces with Sweden's private equity-backed Munksjo AB, in the agency's first merger remedy agreement under the country's new competition law.

The general superintendence of the Administrative Council for Economic Defense, or CADE, urged the agency's tribunal to allow the transaction to go ahead on the condition that Ahlstrom divest its operations that produce abrasive bases and decorative paper used in indoor furniture.

If approved by the tribunal,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.