Cade approves Vale’s purchase of Ferrous

On Monday 06/03, Cade – Administrative Council for Economic Defense – approved Vale’s purchase of mining company Ferrous.

Porto Sudeste had requested that the negotiation be suspended because of the concentration in the market and iron ore exports it would cause. Cade ruled, however, that Vale does not “have the ability to monopolize the port used by iron ore producers in the Southeast region.” Cade also understood that Ferrous is not Vale’s direct competitor and that the purchase would not have negative consequences for consumers or other companies in the sector.

Source: Suno Research

Sharing is caring!