Brazil’s competition agency, Conselho Administrativo de Defesa Econômica (CADE), released for public comment an amended merger control notification form. Although the scope of CADE’s current merger control form is thought to be quite extensive, the new form would require far more details about the economic effects of proposed mergers and the merging parties. Among the information required by the revised notification form would be: (i) business locations of the interested parties; (ii) financial data from the three years preceding the transaction; (iii) detailed accounts of the activities of subsidiaries and other controlled entities; (iv) indications of overlapping product and geographic markets; and (v) projections of the merging entities’ business capacity for the two years following the transaction. The period for public comment on the amended form closed March 21, 2007 and it is not known when CADE will ultimately implement any of the proposed changes.
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