Marcopolo company will take control of the Company

Marcopolo, leader in the production of bus bodies, with almost 40% of the market, will take control of the Company.
The company has about 12% of sales in the sector and already has 45% of their capital in the hands of Marcopolo. Both have headquarters in Caxias do Sul (RS).
In Exchange for the incorporation, the controllers of the Company receive 27.7 million preferred shares of Marcopolo-about 3% of the shares of the parent company, the equivalent today to R$ 55.4 million taking into account the price of the shares of the company on the stock exchange.
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The deal still needs to go through approval of the Administrative Council for economic Defense (Cade).
In 2014, Marcopolo sold 13.4 thousand buses in Brazil, with greater expertise in road and urban segments.
The Company sold 3 thousand vehicles and has a strong presence in the bus segment, in which Marcopolo has little expertise.
This year, through September, Marcopolo sold 6.9 thousand vehicles, a decline of 38.6% as compared to the same period last year. Part of the fall is being compensated by increased exports.
According to Marcopolo's President, Francisco Gomes Neto, the two companies will continue to act independently in the domestic and international markets, in terms of products, marketing and services network.