Merger between Petz and Cobasi approved

The brazilian omnichannel retailer Pet Center Comércio e Participações (Petz) informs the public that, on 2 June, the General Superintendence of the Administrative Council for Economic Defense (CADE), unconditionally approved the merger agreement between Petz and the other big Brazilian chain, Cobasi Comércio de Produtos Básicos e Industrializados (Cobasi), stating that the transaction does not raise competition concerns.

Within 15 days of the publication of the decision, the case may be referred to the CADE Court for further examination, either by an objection from an interested third party authorised in the merger control proceedings or by an ex officio request from one of the members of the CADE Court. Otherwise, the decision will become final.