Brazil's JSL Buys Rival Schio

Brazil's JSL Buys Rival Schio

Brazil M&A

Brazil’s JSL, a logistics company, has acquired competing firm Schio in a deal valued at BRL405 million ($224m). JSL made a R$185.3m payment to Schio for an 87.5% stake in the company, while also issuing R$23.2m in JSL shares at a price of R$9.50 per

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