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May 22, 10:27 AM
Brazil’s Cade Set to Approve Merger of Largest Pet Retailers Petz and Cobasi as Integration Begins
Brazil
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Brazil’s Cade Set to Approve Merger of Largest Pet Retailers Petz and Cobasi as Integration Begins

Authors
  • Folha de S.Paulo
  • Valor Econômico
  • Metrópoles
6

Brazil's antitrust authority Cade is expected to approve the merger between Petz and Cobasi, the country's two largest retailers in the pet products and services market, without imposing any restrictions. The companies are already working on integrating their businesses following the anticipated approval. Petz, led by CEO Sergio Zimerman, has attracted investor interest, with Ágora Investimentos initiating a short-term buy trade on Petz's ordinary shares (PETZ3) to capitalize on expected gains. The merger has raised concerns in the market due to the combined dominance of Petz and Cobasi in Brazil's pet shop sector, but regulatory approval appears imminent.

Written with ChatGPT (GPT-4).

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