INSUBCONTINENT EXCLUSIVE:
Simpar, the holding company of Vamos, has proposed a groundbreaking business restructuring plan
Vamos, primarily known for truck and equipment rentals, also operates a significant dealership segment.This division generated R$693.5
The resulting entity would boast 192 stores across 12 states, representing 34 different brands.This new company would maintain the Automob
brand and seek listing on the Brazilian stock exchange
Simpar explained that this restructuring addresses investor demands for clearer investment theses and more focused capital allocation.Simpar
(Photo Internet reproduction)The separation would allow Vamos to concentrate on its core rental business while creating a dedicated
It reported a gross revenue of R$12.7 ($2.3) billion and an EBITDA of R$418 million over the 12 months ending in the second quarter of
2023.Under the proposed terms, Vamos shareholders would receive shares in the new dealership subsidiary through dividends and a spin-off
64.12% stake in the new Automob
Gustavo Couto would continue as CEO of the streamlined Vamos rental business.If the proposal proceeds as planned, Vamos shareholders may
vote on the restructuring by late November 2024
