REFILE-UPDATE 1-Mitsui enters Brazil auto parts market with $58.5 mln buy - Nikkei

Newswire

(Adds source in headline)

Feb 23 (Reuters) - Japanese trading company Mitsui & Co bought Brazil's Veloce Logistica SA for 4.7 billion yen ($58.5 million) to expand into the South American country's auto parts distribution business, the Nikkei said.

Veloce Logistica manages parts transportation, runs distribution centers and handles deliveries in Brazil and Argentina for local plants of

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