Announced
Financials
Sources
Tags
car rental
Pending
Auto Services
Private
Single Bidder
Private Equity
Majority
Friendly
Brazil
Acquisition
Domestic
Rental Services: Consumer
Synopsis
Brookfield-backed Ouro Verde, a provider of heavy equipment and light vehicle fleet management services, agreed to acquire certain assets of Localiza Rent a Car, a car rental company, for $730m. “As it is a competitive process, the companies are also negotiating with other interested parties. Up to this date, there is no binding document signed with any of the interested parties,” Localiza.
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