Reuters: Regulatory News: Brazil's Cade OKs Casino's Pão de Açúcar takeover

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Brazil's Cade OKs Casino's Pão de Açúcar takeover Jul 4th 2012, 14:10 SAO PAULO, July 4 | Wed Jul 4, 2012 10:10am EDT SAO PAULO, July 4 (Reuters) - Brazil's antitrust regulator Cade approved unanimously on Wednesday the transfer of control of Brazil's largest retailer, Grupo Pão de Açúcar, to France's Casino Guichard Perrachon. The Brasilia-based regulator also approved unanimously an accord between mining giant Vale and oil producer Petrobras, both the nation's largest companies, to explore for potash in the northeastern state of Sergipe.

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