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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 an appeal by food delivery company Keeta against exclusivity clauses that rival 99 holds with restaurants, but ordered further investigation into the sector.The ruling comes as Keeta and 99, both owned by Chinese groups, moved to…