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Cade approves the sale of the former Ford factory property in Taubaté to São José

The General Superintendence of the Administrative Council for Economic Defense (Cade) approved the sale by Ford Motor Company Brasil of the property where its factory operated in Taubaté, State of São Paulo, to São José Desenvolvimento Imobiliário. The acquisition and sale agreement between the two companies was signed in May and waited on Cade's authorization to be concluded.

The main focus of the São José group is the construction of commercial and residential buildings, the administration of infrastructure and urban planning works and the development of planning activities, realization, execution of subdivisions and incorporation of real estate projects. According to the company, this deal allows the development of real estate projects in the State of São Paulo.

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