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 declined to comment, beyond saying it is supplying
CADE and its councillors with the information needed to analyze
(Reporting by Tatiana Bautzer; Editing by Jan Harvey)