Business
Brazil's Simpar says regulatory approvals clear capital increases at group companies
Brazil's Simpar says regulatory approvals clear capital increases at group companies
About this update from Simpar Sa
Brazilian holding company Simpar BMFBOVESPA:SIMH3 said on Monday that all conditions precedent for capital increases involving itself and subsidiaries Movida BMFBOVESPA:MOVI3 and Vamos BMFBOVESPA:VAMO3 have been met, after approvals by Brazil's central bank and antitrust regulator.Simpar said the central bank approved investments by state‑owned development bank arm BNDES Participacoes (BNDESPar) on Friday, while a final and unappealable ruling confirmed approval by antitrust regulator Cade.