17 de agosto de 2017 / 12:47 / en 3 meses

Brazil's Movida to buy Fleet Services for 22 mln reais

RIO DE JANEIRO, Aug 17 (Reuters) - Brazilian rental car firm Movida Participações SA said on Thursday it had agreed to buy BVHD Locação de Veículos e Serviços Ltda, which operates the brand “Fleet Services,” for 22 million reais ($6.95 million).

BVHD’s debts, estimated at around 17 million reais, will be subtracted from the purchase amount, meaning Movida may ultimately pay 5 million reais, according to a statement.

Fleet Services owns some 153 luxury cars which it rents for corporate use, the release said.

$1 = 3.1639 reais Reporting by Bruno Federoski and Alexandra Alper

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