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Brazil’s largest road logistics company JSL proposes merger with competitor Tegma

RIO DE JANEIRO, BRAZIL - Simpar (SIMH3) said Friday, July 2, that its subsidiary JSL (JSLG3), Brazil's largest road logistics company, has filed a business combination application with Tegma (TGMA3), the second-largest company in the sector.

The statement said the merger of the two companies would create a company with combined gross sales of R$6.1 billion and earnings before interest, taxes, depreciation, and amortization (Ebitda) of R$827 million.

"Adding the activities of JSL (including the mergers and acquisitions carried out) and Tegma, the combined company would generate gross sales of R$6.1 (US$1.2 . . .

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