Brazil Regulator Approves Agreement Vamos, Grupo Petrópolis

Brazilian regulator Cade’s superintendence approved agreement between Vamos Locação and Grupo Petrópolis without restrictions, according to the official gazette.

• Agreement involves the purchase of assets from Petrópolis Group fleet by Vamos, according to Cade’s website
• For Petrópolis, operation represents an opportunity to dispose of fixed assets, guaranteeing liquidity to comply with obligations set out in its judicial recovery plan, according to the Cade
• NOTE: Vamos to Buy Grupo Petropolis’s Truck Fleet for BRL576.2m
• NOTE: Decisions made by Cade’s superintendence can be reassessed on court’s floor if board members consider that a deeper analysis of an operation is needed

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