JSL sticks to acquisition strategy

JSL sticks to acquisition strategy

M&A Corporate & Sovereign Strategy Brazil

Brazilian logistics firm JSL said Monday that it plans to pursue more acquisitions in the local market even though trucking company Tegma Gestão Logística last week rejected a takeover offer worth at least BRL1.4 billion ($268 million). "Although the additional mutual benefit envisioned by the company has not materialized, we emphasize that the logistics sector in Brazil offers countless opportunities, given its significant fragmentation and potential for consolidation," JSL said in a securities

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