New Merger Control Regime Now in Force in Brazil
Brazil recently launched its revamped antitrust regime, which now requires, for the first time in Brazil, that parties to a merger or acquisition — including minority acquisitions — obtain approval from the antitrust regulators prior to closing a transaction, if certain thresholds, based on revenues generated in Brazil, are met. Parties must now carefully consider the impact of Brazilian antitrust review on the timelines to closing transactions involving companies active in Brazil.
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