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Cade extends the deadline to review 3 mergers

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Transactions involve the cases ArcelorMittal-Votorantim, Ultragaz-Liquigás e Bayer-Monsanto
by Assessoria de Comunicação Social published: Nov 24, 2017 04:21 PM last modified: Nov 24, 2017 04:23 PM

The Plenary of the Administrative Council for Economic Defense – CADE ratified, in Wednesday’s session (22 November), orders that extend, for 90 days, the deadlines to review the mergers 08700.002165/2017-97 (ArcelorMittal-Votorantim), 08700.002155/2017-51 (Ultragaz-Liquigás) and 08700.001097/2017-49 (Bayer-Monsanto).

All of the three transactions were filed in April 2017. The New Brazilian Competition Law (12,529/2011) establishes that the deadline for reviewing mergers is up to 240 days, with the possibility of a 90-day extension, subject to Plenary decision. Thereby, CADE’s deadline to review the cases, after the extension, will be March 2018.