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    RENT3   BRRENTACNOR4

LOCALIZA RENT A CAR S.A.

(RENT3)
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Localiza offers to sell brand, cars to have Unidas deal approved - report

11/26/2021 | 06:13am EST

SAO PAULO, Nov 26 (Reuters) - Rental car company Localiza has offered to sell the name brand of its Unidas acquisition target in order to win approval for the deal from Brazilian antitrust watchdog CADE, the Valor Economico newspaper reported on Friday.

Cade is expected to give a final opinion on the deal by Jan. 6. The newspaper also said, citing sources, that Localiza had offered to sell 30,000 cars from its fleet to get the approval.

Localiza and Unidas - formally known as Companhia de Locacao das Americas - are the first and second largest car rental companies in Brazil, and the deal has been criticized by rivals such as Movida Participacoes .

Localiza and Cade did not immediately respond to Reuters' requests for comment. (Reporting by Tatiana Bautzer; Editing by Jan Harvey)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
COMPANHIA DE LOCAÇÃO DAS AMÉRICAS 0.58% 24.46 Delayed Quote.4.34%
LOCALIZA RENT A CAR S.A. 1.42% 54.9 Delayed Quote.3.77%
MOVIDA PARTICIPAÇÕES S.A. 0.79% 15.33 Delayed Quote.-3.17%
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Financials
Sales 2021 11 659 M 2 139 M 2 139 M
Net income 2021 1 916 M 351 M 351 M
Net Debt 2021 8 073 M 1 481 M 1 481 M
P/E ratio 2021 21,6x
Yield 2021 1,02%
Capitalization 41 295 M 7 626 M 7 575 M
EV / Sales 2021 4,23x
EV / Sales 2022 3,16x
Nbr of Employees 12 161
Free-Float 78,4%
Chart LOCALIZA RENT A CAR S.A.
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Localiza Rent a Car S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends LOCALIZA RENT A CAR S.A.
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 54,90 BRL
Average target price 68,11 BRL
Spread / Average Target 24,1%
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Managers and Directors
Bruno Sebastian Lasansky Chief Executive Officer
Rodrigo Tavares Goncalves de Sousa Chief Financial Officer
Eugênio Pacelli Mattar Chairman
André Luiz Lopes Petenussi Executive Director-Technology
João Ávila de Avila Valgas Filho Chief Operating Officer
Sector and Competitors