Brazil's Cade delays Nutrella brand auction, grants Bimbo final deadline for divestment

Brazil's antitrust regulator, Cade, has postponed the mandatory auction of the Nutrella brand by one week to July 24. This extension serves as a final window for Bimbo do Brasil to demonstrate the viability of a previously proposed buyer, aiming to resolve a divestment requirement stemming from its merger with Wickbold that is currently four months behind schedule.