Veirano instructed on Hertz Brazil sale

Veirano Advogados advised Hertz on the sale of its Brazil car rental and leasing operations to Localiza. 

Hertz is a car rental multinational with operations spanning the globe. Localiza, headquartered in Brazil, is the largest car rental network in South America, with 579 branches in seven countries.

As part of the deal, which was initially announced in December 2016, both companies entered into referral and co-branding agreements. The alliance will include the exchange of know-how in areas of technology, customer service and operational excellence.

The deal, approved with no restrictions by Brazil’s antitrust authority, CADE, was valued at R$360 million (about $115 million.)

Partners Paula Surerus, Valdir Rocha and Leonardo Duarte led the Veirano team advising Hertz.

Hertz instructed Linklaters as international counsel while Simpson Thacher & Barlett and Pinheiro Neto acted for Localiza.

Veirano instructed on Hertz Brazil sale

Ignacio Abella

thelatinamericanlawyer.com

The Latin American Lawyer is a bimonthly digital magazine, published by Iberian Legal Group, available in Spanish and Brazilian Portuguese. It represents the main source of information in the legal business sector in America Latina. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website www.lcpublishinggroup.com

Iberian Legal Group
Registered office: C/ Manuel Silvela, 8 - Oficinas 1 Dcha 28010 Madrid España

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram