Enterprise Holdings to buy stake in Brazilian rival Unidas

Enterprise Holdings Inc., the world’s largest car rental company, has struck a deal to buy 20 percent of its Brazilian peer Unidas SA for an undisclosed amount.

In a securities filing on Monday, Unidas said Clayton-based Enterprise would buy 10.9 million shares from investment vehicles controlled by buyout firms Gávea Investimentos Ltda, Vinci Partners and Kinea Investimentos Ltda. The deal hinges on regulatory approval and other unspecified conditions.

Enterprise did not immediately respond to a request for comment.

Read more: St. Louis Post-Dispatch

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