Unidas Takes Competitor

Brazilian rental car provider Unidas has agreed to buy 100% of Best Fleet Locadora de Veiculos, it says, for an expected BRL185m ($91m). The price is subject to adjustments at the time of closing. Best Fleet, focused on vehicle sales and fleet management in the corporate sector, is part of Grupo SHC, a distributor for Jaguar and Citroen in Brazil controlled by businessman Sergio Habib. A Unidas investor relations official did not respond to a request for additional comment.