August 31, 2018 / 1:30 PM / in 3 months

Canada's Brookfield acquires Brazil's rental car Ouro Verde: filing

SAO PAULO (Reuters) - Canada’s Brookfield Business Partners (BBU_u.TO), a unit of Brookfield Asset Management, has reached an agreement to acquire a controlling stake in the Brazilian vehicle and equipment rental company Ouro Verde Locação e Serviço SA, according to a securities filing by Ouro Verde.

Brookfield will pay 660 million reais ($159.18 million) for the acquisition of a 55 percent stake through a capital increase and also the acquisition of the company’s shares, the Brazilian company said.

($1 = 4.1463 reais)

Reporting by Raquel Stenzelç Writing by Carolina Mandl; Editing by Chizu Nomiyama

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