Unidas Files for IPO

Brazilian car rental company Unidas has filed for an initial public offering, according to an article by Reuters.

The article reported the IPO comes just a month after Enterprise Holdings agreed to buy a 20 percent stake in the Brazilian car rental firm. In addition, Unidas hired the investment banking units of Itaú Unibanco, Bank of America, JPMorgan Chase & Co. and Haitong Securities to underwrite the transaction.

Read the complete article at Reuters.