“Far from being a rejection of the business of companies, it generates confidence in all economic sectors,” said Minister Fernando Mattos.
The government trusts that the refusal of the Competition Defense Promotion Commission (Coprodec) to the operation Minerva-Marfrig will not affect the arrival of investments, considering that the decision will generate “confidence” in the Uruguayan work.
The owner of the Ministry of Livestock, Agriculture and Fisheries (MGAP), Fernando Mattos, considered that the failure of the body dependent on the Ministry of Economy and Finance (MEF) “gives guarantees” to the different sectors regarding price formation.
Mattos admitted that “Uruguay goes out into the world to request that investments come” and considered that this decision of the Coprodec It won’t affect that situation. “These companies that are involved in the proposal of business They are important companies that bet on the country and professionals who have done very well for the chain,” he admitted, but clarified that “when there is a concentrating effect that can affect the price formation, “We have to respect the technical opinion.”
Far from talking about a possible complication, the leader said that the country “comes out stronger because there is a technical office that analyzes the issues with rigor and professionalism and gives the opinion,” emphasizing that “Uruguay is always on the side of generating trust and this is a factor that, far from being a rejection of the business of companies, generates confidence in all economic sectors.”
Minerva considers appealing the decision
After learning about the operation, Minerva admitted that he analyzes the Coprodec ruling in detail and does not rule out appeal the decision, which should be finalized in the coming days.
The Brazilian company assured that the Competition Defense measure “is not definitive and is subject to appeal, both at the administrative headquarters and in the judicial process.”
At the same time, he highlighted that the ruling “does not affect the transaction related to the acquisition by the company of the industrial and commercial establishments owned by the selling company in Brazil, Argentina and Chile”, since the purchase Marfrig was included in a larger acquisition, called Operation South America.
Source: Ambito
