The Brazilian Competition Authority considers conditionally clearing the merger of the nation’s two leading car rental companies (Unidas / Localiza)

CADE's Tribunal will review the acquisition of Unidas by Localiza* The Office of the Superintendent General that recommends applying remedies to mitigate risks derived by the transaction has identified competition concerns in the car rental market On 6 September, CADE's Office of the Superintendent General (SG) signed a direction submitting for review of the agency's Tribunal the acquisition of firm Companhia de Locação das Américas (named Unidas) by the firm Localiza Rent a Car. The SG recommended the transaction be cleared subject to remedies that mitigate competition issues. After carrying out market studies and consulting market players, the SG