Cade clears Assaí to buy 18 gas stations for BRL 80M

Brazil's antitrust watchdog, the Administrative Council for Economic Defense (Cade), has approved the acquisition of 18 gas stations by Sendas Distribuidora (Assaí) in the state of São Paulo. The General Superintendence published the unconditional approval in the official gazette Diário Oficial da União on September 28, 2026.

The transaction carries a total consideration of up to BRL 80 million, including potential earn-out payments. The structure includes a down payment of BRL 40 million following antitrust clearance, followed by an installment of BRL 35 million conditioned on the final closing of the corporate transaction. A contingent earn-out of BRL 5 million is tied to future performance targets.

The 18 acquired units are located at Assaí store properties. The retail network registers an estimated monthly traffic of 20 million vehicles across its parking facilities and serves around 40 million customers each month. Internally, the company projects long-term expansion potential of up to 100 gas stations across its network.