Deals
Nestle Approaches Brazil to Settle Garoto Antitrust Court Case
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Nestle SA approached the Brazilian government with a proposal to sell assets and settle a six-year court dispute related to its purchase of Chocolates Garoto SA, which was blocked by antitrust regulators, according to two government officials.
The first meeting took place on Sept. 16 at the attorney general’s office, according to Antonio Henrique Pinheiro Silveira and Mariana Tavares, secretaries of the antitrust arms of the Finance Ministry and Justice Ministry, respectively. Silveira and Tavares were present, along with lawyers for Nestle Brasil Ltda. and the attorney general, Luis Inacio Lucena Adams.