Brazilian car rental agency Unidas announces IPO plans

Newswire

SAO PAULO, July 23 (Reuters) - Brazilian car rental company Unidas plans to use funds from an initial public offering to finance possible acquisitions, expand its network and strengthen its cash position, according to a preliminary prospectus released on Tuesday. On Monday shareholders approved the plan for an IPO on the Novo Mercado of the Sao Paulo exchange, which requires higher standards of public governance. The IPO is expected to close in the third ...

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