Companhia de Locação das Américas S.A. (BOVESPA:LCAM3) agreed to acquire Auto Ricci S.A. from Dirley Ricci and others for approximately BRL180 million on March 20, 2017. Locamerica will acquire 33.7% stake for BRL 53.9 million and will issue 17.4 million shares for the remaining stake. The remainder of the purchase price will be transferred in stock at a ratio of 1.91 shares in Ricci for each Locamerica share. Companhia de Locação das Américas will assume the debt of Auto Ricci. Dirley Ricci will hold 17.1% stake in Locamerica. The transaction is subject to antitrust approval. Banco do Brasil and Banco Votorantim acted as financial advisor for parties in transaction. Thiago Giantomassi, António Aires, Christiano Chagas , Betina Castellanos , Fabio Tayar and Marcelo Peloso from Demarest Advogados acted as legal advisor to Auto Ricci S.A. Companhia de Locação das Américas S.A. (BOVESPA:LCAM3) completed the acquisition of Auto Ricci S.A. from Dirley Ricci and others on May 11, 2017. Companhia de Locação das Américas shareholders, at the Extraordinary General Meeting, approved the merger. Locamerica completed the raising of BRL 450 million in debentures that will be used to prepay debts from Auto Ricci.