Brazil's Cade Approves Panco as Buyer of Nutrella Brand from Bimbo

Brazil's antitrust agency Cade unanimously approved Panco as the buyer of the Nutrella bread brand, a divestiture required for Bimbo's acquisition of Wickbold. Cade has instructed both companies to promptly complete the transfer per the September 2025 agreement. This resolves a key condition of the merger, though the final transfer is pending.