Amazon acquires a stake in Total Express and enters the last mile race in Brazil

Founded in 1993, Total Express had its control acquired in 2011 by Grupo Abril.

In its first inorganic investment in the country, the American giant buys a 9.68% stake in Brazilian Total Express to gain more traction in fast deliveries

By: SiiLA News

07/11/2022

To gain more traction in fast deliveries to consumers, the American giant closed this week a deal to acquire a 9.68% stake in Total Express, a Brazilian company that delivers goods. As the group's first local investment, the agreement was signed with Abril Comunicações S.A, which controls Total Express and will continue with 90.32% of the assets.

The transaction still depends on the approval of the Administrative Council for Economic Defense (Cade). Founded in 1993, Total Express had its control acquired in 2011 by Grupo Abril.

The deal involved a 90% stake at the time and was carried out through DGB, the Brazilian group's logistics and distribution holding.

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