Companies claim that the agreement will benefit the quality of the product delivered to Brazilian farmers.
The General Superintendence of the Administrative Council for Economic Defense (SG/CADE) has approved the commercial partnership between GDM and Agro Amazonia to jointly develop and explore soy seeds in Brazil. The opinion that approved the operation, without restrictions, was signed on August, 30.
✔️GDM operates in the research and genetic development of soy and corn seeds, licensing and commercializing the crop for all regions in the country.
✔️Agro Amazônia provides services in the commercial scale production and commercialization of soy seeds, in addition to producing products and services for agriculture and livestock.
The partnership provides a good opportunity for growth for both parties, in addition to increasing the supply of high quality soybeans to Brazilian farmers, according to the notification form submitted by the companies to CADE.
In its opinion, the SG/CADE noted that there is great competition in the acquisition of soybeans in which other large organizations stand out. In addition, the GDM Group is somewhat dependent on companies that develop their own transgenic events, besides acting in germplasm procurement, which may discourage interested parties from adopting market closure policies.
The regulator considered that GDM and Agro Amazônia will continue to commercialize third-party soybean seeds and that the information analyzed does not outline competition concerns.
If CADE's Tribunal does not reopen the concentration acts for analysis or if no appeal is filed by interested third parties within 15 days, the decisions of the operations will be definitively approved by the antitrust agency.