Litocar to acquire Ascendum Auto.

Litocar, a company specialized in the car retail business, agreed to acquire Ascendum Auto, a car dealership, representative of Volvo and Mitsubishi. Financial terms were not disclosed. "This operation allows Ascendum Auto to be in a good position to successfully face future challenges, being integrated in a company 100% dedicated to car business, proven management excellence and financial strength," João Mieiro, Ascendum Chairman of the Board of Directors.