Leaders of the ruling party valued the brake on the acquisition of Minerva to Marfrig, defined this Thursday by the Commission for the Promotion and Defense of Competition, by highlighting the independent action of the organism dependent on the Ministry of Economy and Finance.
Meanwhile, both companies clarified that the communication is not yet official and asked for “caution” until the decision of the Defense of Competition regarding the refusal due to the concentration of the market of task be it through institutional channels.
The presidential candidate of National Party, Álvaro Delgado, He admitted that the operation was “concerning and occupying”, but highlighted the non-interference of the Executive. “It is not a decision of the MEF, but of the Coprodec. “The political is not above the legal,” he warned.
Álvaro Delgado highlighted the legal security of Uruguay
For Delgado “the legal security of Uruguay must be a treasure for investments” and appreciated the steps taken: “We hope that the process would take place, that the commission would rule and now the legislation itself establishes the mechanisms for discharge first and eventually for resources later.”
The senator expressed himself along the same lines Sebastian Da Silva, one of the first to warn about a possible concentration of the task by Minerva. The white legislator admitted his “satisfaction that in Uruguay the laws are complied with” and added: “The obvious was proven, that there was a large market concentration and half of the steers were going to be slaughtered by a single company.”
In any case, he clarified that both companies “have done large investments in the country and highlighted them as “healthy” firms that have development programs with producers and none of this is going to change.
Minerva and Marfrig ask for caution in the absence of an announcement
On the other hand, both Minerva as Marfrig They issued separate statements to clarify that the decision of the Defense of Competition was not officially informed.
Minerva highlighted the commitment to “keep its shareholders and the market in general informed about any relevant act or fact related to the matter.”
Meanwhile, the CEO of Marfrig for Conosur, Marcelo Secco, He explained to Radio Carve that “there is still no formal resolution,” so he asked to wait “with caution” for the announcement, which would occur next week.
Source: Ambito
