FedEx finalizes Rapidão Cometa buy

South America

Thursday, July 05, 2012

FedEx Express has completed its acquisition of Rapidão Cometa, one of the largest transportation and logistics companies in Brazil with 2011 revenues of more than $500 million. The Memphis, Tenn.-based company said this is the latest step in an overall strategy for growth in Latin America and the Caribbean. It first announced the intent for acquire Rapidão Cometa at the end of May. "Brazil is the sixth-largest economy in the world and its rapidly i...

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