Third events file an enchantment with Cade towards the merger of Rede D’Or and Sul América
- November 27, 2022
- No Comment
Rede D’Or São Luiz (RDOR3) informed this Thursday (24) that it became aware of the filing of appeals by third parties against the decision of the General Superintendence of the Administrative Council for Economic Defense (Cade) which approved without restrictions the transfer of control shareholding of companies controlled by Sul América (SULA11) to Rede D’Or, in the context of a business combination agreed between the companies.
The largest private network of integrated medical assistance in the country says it will keep the market informed about the relevant steps related to the consummation of the operation, including with regard to final decisions eventually handed down by the competent government authorities.
In Credit Suisse’s assessment, the appeal may delay the business combination or impose remedies on the business.
The bank also points out that the appeal filed, citing the philanthropic hospital Oswaldo Cruz as the plaintiff, brings “multiple technical and jurisprudential grounds”.
On November 7, Cade’s General Superintendence approved, without restrictions, the transfer of share control of companies controlled by Sul América to Rede D’Or. Objections to the operation could be presented within 15 days by third parties or by Cade’s administrative court, before the decision is considered final.