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Two Brazilian Car Rental Companies Merge, Seek to Change Car Rental Market

RIO DE JANEIRO, BRAZIL - Two of the largest car rental companies in Brazil have announced a merger, through the incorporation of Unidas's shares by Localiza.

The company resulting from the merger will have a market value of R$50.5 billion (US$10.1 billion) and a fleet of nearly 491,000 vehicles - 336,000 in the rental segment and 154,000 in corporate fleets.

The shares of both companies are among . . .

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