SAG Gest says Brazil subsidiary Unidas mandates banks to prepare eventual IPO |
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Published
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Fri, 31 Aug 2007 19:02
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LISBON (Thomson Financial) - SAG Gest said that its Brazil subsidiary SAG do Brasil, which operates under the Unidas brand, has mandated Banco UBS Pactual and Banco Itau as global coordinators to prepare the opening of Unidas share capital through an eventual IPO.Portuguese holding company SAG Gest sells new and second-hand cars and is involved in maintenance, repairs and car rentals. It also has interests in the insurance brokerage and financial sectors.In 2006, the Brazilian market represented about 47 pct of the company's consolidated income from services.luis.morais@thomson.comlm/dcaCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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