Holding firm proposes merger between subsidiary of Brazil's Vamos Locacao and Automob

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Vamos Locacao News

Automob,Brazil,Controlling Shareholder

Simpar, the controlling shareholder of Brazil's vehicle rental service Vamos Locacao and dealership Automob, has proposed a merger involving the two firms...

RIO DE JANEIRO - Simpar, the controlling shareholder of Brazil's vehicle rental service Vamos Locacao and dealership Automob, has proposed a merger involving the two firms, it said in a corporate filing on Sunday.

"Simpar, as controlling shareholder of Vamos Locacao and Automob, is convinced that the generation of long-term value on multiple fronts will benefit all companies involved and their shareholders," said the firm. Simpar said in the filing that it believes the restructuring may be completed by the end of the year.Yahoo Sports fantasy analyst Tera Roberts offers up a trio of players for fantasy managers to consider for Week 5.Ohtani falls short of Triple Crown, steals 59th base as Dodgers beat Rockies 2-1 in season finale

 

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