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

- Thursday, March 10, 2011

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

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.

Start your 15 day free trial now!

cta-arrow

Already a subscriber? Please, login