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.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In World

Apps that use AI to undress women in photos soaring in use
Explosions heard near US embassy in Baghdad - videos
Amazon says thieves swiped millions by faking product refunds
Meta encrypting Messenger and Facebook chats
WhatsApp is rolling out ‘View Once’ voice messages to all users
AI-powered drive-thru is actually run almost entirely by humans
US, South Korean and Japanese security advisers meet to discuss North Korea
Australia 'heartened' as US Congress expected to pass AUKUS provisions
Students are not necessarily addicted to digital media
Hunter Biden hit with federal charges for tax evasion scheme

Others Also Read