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Brazil: Regulator approves Fibria-Suzano tie-up

By  |  October 15, 2018

Brazilian antitrust regulators approved a tie-up between Fibria Celulose SA and Suzano Papel e Celulose SA, paving the way for the creation of the world’s biggest pulp producer.

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    In a document filed late on Thursday, before a national holiday in Brazil, a technical board of the Cade antitrust authority approved the $11 billion transaction without imposing any restrictions.

    Third parties may still appeal the decision, or a Cade board member could question it and send it to a full-board vote. In practice, though, that rarely happens. That would make Cade the latest in a string of competition watchdogs to sanction the deal, pending only approval in Europe, which is expected by Nov. 15.

    Full Content: Reuters

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