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Live News EQUITY ARTICLE M impact

Brazil’s Cade rejects Keeta appeal, orders deeper food-delivery probe

Brazil’s antitrust tribunal Cade rejected Keeta’s appeal over exclusivity clauses covering rival restaurant holdings by 99, then ordered further investigation into the food-delivery sector.

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A tribunal at Brazil's antitrust watchdog Cade on Wednesday rejected Keeta’s appeal against exclusivity clauses that rival 99 has with restaurants, but ordered a wider probe into the food-delivery sector. The ruling comes as Keeta and 99, both owned by Chinese groups, moved to…