CADE approves purchase over 50% of the Itambé

The General Oversight of the Administrative Council for economic Defense (Cade) approved without restrictions that Central Cooperative of Farmers of Minas Gerais (CCPR) acquires 50% of the shares of Itambé, currently held by Force food.
The purchase will be made with the CCPR exercising your right of first refusal, according to order published in the Official Gazette of Monday (13).
In a shareholders ' agreement with the Force, the CCPR had right of first refusal to buy the remaining 50% of the Itambé changes indirect control of the business, with any transfer of shares to third parties.
The operation follows the sale of Force Mexican food Lala by JBS and your J&F controller in early August as part of a plan of divestiture of the Brazilian group, you need to pay a fine of Rs $10.3 billion for your involvement in the corruption scheme investigated pel the car wash operation.
Second opinion on the Cade, the remaining stake of 50% of the Itambé by CCPR "does not change, so relevant, the structure of the markets affected, whether in national or narrower setting corresponding to the States of Goiás, Minas Gerais and Rio Grande do Sul, Brazil South ".
A report published yesterday by the press reported that the cooperative has already asked the Bank financing of development of Minas Gerais (BDMG) to buy 50% share owned by Force.
Agreements
On Friday (10), Cade has signed memoranda of understanding with the Federal Anti-monopoly Service of Russia (FAS) and with the Ministry of Commerce of China (MOFCOM) to exchange information on laws.