CADE fines Cervejaria Petrópolis for gun jumping in the acquisition of control of Imcopa

On September 8, the Tribunal of Brazil’s Administrative Council for Economic Defense (CADE) found that Cervejaria Petrópolis engaged in gun jumping in acquiring control of Imcopa, imposing a fine of BRL 1,382,418.22. CADE’s General Superintendence established that the transaction had been materially closed on March 19, 2024, before the prior notification required by Law No. 12,529/2011. The defendants’ argument that the transfer of control resulted from court decisions rendered in judicial reorganisation proceedings was rejected during the investigation.

Read the full article: Conselho Administrativo de Defesa Econômica (Cade)

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