"We are still interested in buying Correios", says CEO of JSL

“Mantemos o interesse em comprar os Correios e queremos anunciar pelo menos mais uma aquisição neste ano”, diz CEO da JSL.| "We are still interested in buying Correios and we want to announce at least one more acquisition this year", says CEO of JSL.

09/02/2021

A leader in logistics in Brazil, JSL (JSLG3) wants to continue growing organically, through its own operation, and inorganically, through mergers and acquisitions. The company has bought other brands in recent years and has reinforced its intention to acquire Correios when the privatization auction comes out. For 2021, Ramon Alcaraz, CEO of the company, said he still plans to announce at least one more acquisition.

“Our appetite is strong for M&A [M&A]. This has to do with our growth strategy. For us to reach our goal, or dream, of gross revenue of BRL 11 billion or more in 2025, we have two strategies: grow organically, which has been happening, with BRL 2.5 billion in revenue from closed contracts only in the first half of 2021, and also the M&A. There were 5 acquisitions in the last 12 months, which added R$1.7 billion in annual revenue to JSL”, said the executive, on InfoMoney live.

Latam

Brazil

National

CRE

Market Analytics

Other

ABOUT SiiLA

Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.