Scania Latin America Ltda. cancelled the acquisition of heavy vehicle business of Battistella Administração e Participações S.A..

Scania Latin America Ltda. agreed to acquire heavy vehicle business of Battistella Administração e Participações S.A. (BOVESPA:BTTL3) for $38 million on April 13, 2015. KPMG acted as exclusive financial advisor to Scania.

Scania Latin America Ltda. cancelled the acquisition of heavy vehicle business of Battistella Administração e Participações S.A. (BOVESPA:BTTL3) on April 13, 2016.