Brazil’s CADE Clears Santander’s Webmotors Taking Full Control of Loop

Business: São Paulo Key Facts —Approval. Brazil’s antitrust regulator, CADE, cleared the deal without restrictions. —Deal. Santander’s Webmotors is buying Estapar’s 49% stake in Loop, taking its holding to 100%. —Business. Loop operates in the used-vehicle remarketing and auction segment. —Clean. The regulator raised no competition concerns, making it a straightforward approval. —Fit. Full control…