Localiza and Unidas should complete a sale of Brookfield's assets in the coming weeks

According to the sources, the process is tight for Localiza and Unidas. Regarding the antitrust agency's right, the company would have up to 180 days to present the potential buyer after Cade's approval in February, which would give a window until mid-July - the agency goes into recess at the end of June and returns only at the beginning of August. There would still be room for the company to request an expansion within 60 days, but this expansion needs to be approved by Cade, which would transfer the window to September. Without a deal until then, Localiza would have the merger disapproved by the antitrust agency.

The sources' view is that the deal is an excellent opportunity for Ouro Verde. As announced today by Localiza, the sale is around R$ 3.5 billion. The statement came after the release of a Bloomberg report. According to the report, there is at least one other interested in the assets with negotiations in progress, Advent International Corp, which was confirmed by Valor with sources.