Brazil's antitrust watchdog approves acquisition of Wickbold by Bimbo
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FILE PHOTO: The logo of Mexican breadmaker Grupo Bimbo is pictured during an event at a Bimbo plant, where the ''Made in Mexico'' certification was awarded to Mexican breadmaker Grupo Bimbo as part of the "Hecho en Mexico" (Made in Mexico) program to boos
SAO PAULO (Reuters) -Brazil's antitrust watchdog CADE unanimously approved on Wednesday the acquisition of local bakery group Wickbold by Mexico's Bimbo, but imposed restrictions that include some asset divestitures.
CADE decided that Bimbo must sell the brands Ta Pronto, Wickbold and Nutrella. Additionally, the divestments must be overseen by an independent trustee to ensure that the assets remain competitive.
(Reporting by Alberto Alerigi Jr; Writing by Isabel Teles; Editing by Gabriel Araujo)
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