CADE launches guide for analyzing non-horizontal mergers

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Summary:
The Brazilian Administrative Council for Economic Defense (Cade) has launched the Guia de Anu00e1lise de Atos de Concentrau00e7u00e3o Nu00e3o Horizontais (Guide V+), aiming to provide greater transparency in its analysis process and offer clear guidelines for the evaluation of vertical and conglomerate concentration acts. The guide is structured into five sections and outlines procedures for analyzing non-horizontal concentration acts, as well as information on vertical and conglomerate integrations. The guide is not legally binding and its non-observance does not invalidate the analysis process. The Cade aims to promote a competitive and healthy market environment, adopting best international practices and updating its processes to ensure this. The guide is available for download in its entirety.

Note: The document is in Portuguese, and the summary is translated into English to facilitate understanding.