Brazil antitrust body postpones ruling association between Cosan and Shell

The plenary session of Brazil’s antitrust agency on Wednesday postponed its decision on the agreement with Shell and Cosan to create joint ventures in the business of ethanol and sugar, and fuel distribution.

Cosan is the largest producer of sugar and ethanol in Brazil, while Royal Dutch Shell is the world’s second largest oil company.

The Administrative Council for Economic Defense (Cade) also postponed the decision on the purchase of the Brazilian insurance Saude Excelsior, which operates mainly in the northeast, by Amil, the largest health insurer and operates hospitals in Brazil.

Another case that has delayed analysis is the purchase of content areas and online advertising company Internet iG, Oi controlled, by the Portuguese group Ongoing, published by Brazilian media as Brazil Economic, O Dia and brand and Meia Hora.

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