By Tatiana Bautzer
SAO PAULO (Reuters) – Car rental companies Localiza and Unidas are close to selling the assets needed to obtain approval from the Administrative Council for Economic Defense (Cade) for a business combination, newspaper O Estado de São Paulo reported on Wednesday. fair.
The assets could reach around 4 billion reais and the sale is being advised by the investment arm of Bank of America, the report said, citing unnamed people with knowledge of the matter.
Interested companies include car rental companies Ouro Verde, Turbi and private equity firm Advent International, the newspaper said.
Localiza, Unidas and Bank of America did not immediately respond to requests for comment.
Ouro Verde, Turbi and Advent did not comment.
(((Reporting by Tatiana Bautzer))
The post Localiza and Unidas advance with asset sale for merger approval, says newspaper appeared first on ISTOÉ DINHEIRO.
#Localiza #Unidas #move #asset #sales #merger #approval #newspaper #ISTOÉ #DINHEIRO