Regulator Seeks More Info on Mosaic/Vale Deal
Brazil antitrust regular CADE, the Administrative Council for Economic Defense, is seeking additional information regarding the pending $2.5 billion acquisition by The Mosaic Co. of major assets from Brazil’s Vale SA, according to a Bloomberg report.
CADE views the deal as complex and said the concentration by the operation in the phosphate sector for animal nutrition is high. It said in light of Mosaic’s position as a major player in the world it has “competitive concerns” that require more information.