Tegma Gestao Logistica Aktie
WKN DE: A0MWHW / ISIN: BRTGMAACNOR7
17.06.2014 01:06:00
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Tegma Gestao Logistica S.A. -- Moody's comments that TEGMA's asset sale is credit positive
Sao Paulo, June 16, 2014 -- Moody's commented today that Tegma Gestao Logistica S.A.(TEGMA; Ba2/A1.br Negative) proposed sale all of the shares of its subsidiary Direct Express Logistica Integrada S.A. (Direct; unrated) to B2W - Companhia Digital (unrated) for BRL127 million (approximately USD57 million) is positive because it will improve the company's liquidity position, reduce its consolidated leverage and improve earnings in the short term.