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05 Jun
08:56

Brazilian regulator agrees to Vale/Ferrous Resources merger

The Brazilian trade defence agency has agreed Vale’s acquisition of fellow iron ore producer Ferrous Resources Limited, the antitrust body says in a note monitored by Kallanish. The Conselho Administrativo de Defesa Econômica has rejected the appeal that the operation could cause an economic impact and create anticompetitive behaviour in the Brazilian iron ore market. The case was filed by terminal operator Porto Sudeste and Compa…
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