CADE approves LAN TAM merger
With CADE's decision, the sky's the limit for the LAN TAM merger (Credit: Priscila Rodriguez)
Brazil’s antitrust tribunal has approved a US$3.2 billion merger between the Brazilian airline TAM and Chilean flag carrier LAN – but lawyers say time will tell whether conditions imposed by CADE are sufficient to prevent excessive concentration on certain routes serviced by the new company.
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