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Brazil's car rental company Unidas says it cancels IPO plans
February 10, 2017 / 9:08 PM / in 8 months

Brazil's car rental company Unidas says it cancels IPO plans

SAO PAULO, Feb 10 (Reuters) - Brazilian car rental firm Unidas SA on Friday said it will no longer seek an initial public offering, citing ‘unfavorable market conditions’, according to a securities filing.

Reuters reported earlier on Friday, citing sources, that the company would scrap the IPO plans after sluggish investor demand. (Reporting by Marcelo Teixeira; Editing by James Dalgleish)

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