Cade approves increase in Coca-Cola's participation in CAF

The General Superintendence of the Administrative Council for economic Defense (Cade) approved, without restrictions, Act of concentration between Coca-Coca Industry Ltda. and company Maranhense Sodas.
The endorsement is present in order published in the Official Gazette of Thursday, 23.
Cade's documentation explains that the operation consists in the acquisition by Coca-Cola, of 50% stake in the Crystal waters of the Northeast (CAF), owned by CMR (belonging to the Solar Group).
Before the operation, Coca-Cola held indirectly, 44% stake in CAF, because it is one of the shareholders of the Solar Group.
Thus, after this operation, Coca-Cola will stop 72% of the share capital of CAF (50% 22% direct and indirect, through the Solar Group).
The General Superintendence of Cade was vertical integration with low market share. The CAF explores the business of extracting, bottling and trade of mineral water in the States of Alagoas, Sergipe, Pernambuco, Paraíba, Bahia.