Cade superintendence suggests rejection of partial purchase of CRDC by B3

The General Superintendence of Cade (Administrative Council for Economic Defense) recommended to the body's court the rejection of the purchase of 60% of CRDC (Credit Rights Registration Center) by B3.

The decision is contained in an order published in the Official Gazette of the Union (DOU), a document that also forwards the process for evaluation by the counselors, who may or may not accept the recommendation of the technical area.

In March, the General Superintendence had already classified the case as "complex", indicating that a more in-depth analysis of the transaction was necessary, regarding issues such as "conglomeral effects" and impacts on rivalry.

Created in 2014, CRDC is a company specialized in providing technology services to agents in the credit granting sector, in addition to operating as market infrastructure.

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In September last year, when it announced the operation for R$15 million, B3 highlighted that the purchase of CRDC is part of the company's positioning strategy as an infrastructure solution in the credit journey.

The focus is on the development of products and services for the new book-entry duplicate market, taking advantage of CRDC's performance as a technology provider in the FIDCs (Credit Rights Investment Funds) market and in the real economy.

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Source: CNN