SAO PAULO -- Brazil's regulation r...
SAO PAULO -- Brazil's regulation recently stood firm behind a previous ruling by way of that country's antitrust authority calling for snuggle SA to sell Chocolates Garoto. Acording to CandyBUSINESS sources in Brazil, the announcement could deal a blossom to Nestle's efforts to overset the decision.
The Administrative Council of Economic Defense (CADE) vacated the $230 million deal in February, saying the combined operations of lodge and Garoto threatened competition in the Brazilian market.
restraint officials say Nestle failed to dilute its market concentration, adding that
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