Tegma buys 80% stake in e-commerce logistics provider Direct

Thursday, March 10, 2011

Brazilian logistics firm Tegma Gestão Logística has purchased 80% of e-commerce logistics provider Direct in a deal worth 77.2mn reais (US$46.5mn), Tegma said Wednesday.

In a filing with securities regulator CVM, Tegma said it still holds call options for the remaining common shares in Direct.

The deal has to be approved by antitrust regulators.

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