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[BUSINESS] · Brazil · 6 sources

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Consórcio Guaicurus faces legal setback and ownership change approval

The Consórcio Guaicurus, which operates public transportation in Campo Grande, Brazil, has suffered a legal defeat regarding fare adjustments. The Court of Justice of Mato Grosso do Sul (TJMS) unanimously rejected an appeal by the consortium to increase the technical fare to R$ 7.79. The court ruled that there is no prior judicial mandate requiring the City of Campo Grande to adopt this specific value. Currently, the technical fare is set at R$ 6.57, while the public fare remains R$ 4.95.

Separately, Brazil's Administrative Council for Economic Defense (Cade) has approved the sale of the four companies comprising Consórcio Guaicurus—Jaguar Transportes Urbanos, Viação Campo Grande, Viação Cidade Morena, and Viação São Francisco—to the HP Mobilidade group. While federal antitrust approval has been granted, the transfer of control still requires authorization from the Campo Grande municipal government. The city has indicated that any approval is contingent upon improvements, including fleet renewal, the installation of air conditioning, and terminal renovations.

Entities

Cade · Campo Grande · Consórcio Guaicurus · HP Mobilidade · Tribunal de Justiça de Mato Grosso do Sul