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In 2025, Brazil’s CADE recorded no blocks, acted mostly on national merger cases

By Flavia Fortes, Henrique Santiago and Maria Júlia Baumert ( December 31, 2025, 18:04 GMT | Comment) -- Brazil’s antitrust authority closed out 2025 without blocking a single transaction, focusing its merger control enforcement actions mostly on domestic deals. While the absence of prohibitions underscored a generally permissive review environment, CADE still weighed in on a series of national merger cases, shaping market outcomes through its rulings rather than outright intervention.Brazil’s antitrust authority closed out 2025 without blocking a single transaction, focusing its merger control enforcement actions mostly on domestic deals....

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