Brazil's two top car rental companies announce merger


  • World
  • Thursday, 24 Sep 2020

SAO PAULO, Sept. 23 (Xinhua) -- Brazil's two leading car rental companies, Localiza and Unidas, on Wednesday announced their decision to merge to create the largest company of its kind in many South American countries.

The CEO of Localiza, Eugenio Mattar, explained in a videoconference that the merger will be made by incorporating shares of Unidas into his company.

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