Regulators to Reassess Yara, Vale Deal
Brazil antitrust regulator—Cade, has decided to take another look at Vale SA’s sale of fertilizer assets to Yara International ASA, according to a CNBC report citing Reuters. Earlier the agency had given the acquisition a green light.
Reportedly, Cade wants to take another look at the deal in light of the news that Petrobras is shutting down two plants in the country, with plans to sell two more.