Azevedo Sette Advogados advised Localiza in acquisition

Azevedo Sette Advogados advised Localiza in acquisition

Azevedo Sette Advogados advised Car Rental Systems S.A., a wholly owned subsidiary of Localiza Rent a Car S.A., in the acquisition of 100% of the shares held by individual investors in Localiza RP Aluguel de Carros Ltda., a company resulting from the spinoff of Ativa Service Ltda, a franchisee of Localiza Hertz.

Amount involved R$124,069,020.19