Cade Approves J&F Acquisition of Paper Excellence Stake in Eldorado and Unrestricted Marfrig-BRF Merger

Brazil's competition authority, Cade, has approved several major corporate transactions in the agribusiness and paper sectors. Cade authorized the acquisition of Paper Excellence's stake in Eldorado by J&F. Additionally, the agency approved without restrictions the merger between Marfrig and BRF, two leading companies in the food industry. The technical area of Cade had earlier recommended the approval of the Marfrig-BRF merger without imposing any conditions. These decisions reflect Cade's current stance on significant consolidations in Brazil's agribusiness and paper industries.