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10 Nov
09:56

Court clears Gerdau of anticompetitive conduct

Gerdau says the country’s Superior Court has unanimously annulled the judgement by competition regulator Conselho Administrativo de Defesa Econômica (Cade) against the Brazilian steelmaker for alleged anticompetitive conduct. In September 2005, Cade launched an investigation against Geradu after unions in the construction sector in São Paulo complained that the steelmaker and other long steel producers in Brazil were dividing rebar clients among…
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