Marcopolo completes C$116.4 million investment in New Flyer

Date Closed

June 21, 2013

Lead Office

Toronto

Value

116.40 Million CAD

On June 21, 2013, Marcopolo SA announced that it had completed its previously announced strategic C$116.4 million investment in New Flyer Industries Inc.  Marcopolo now owns 19.99% of the issued and outstanding common shares of New Flyer.

Marcopolo, headquartered in Caxias do Sul, Brazil, is a a bus body manufacturer.

New Flyer, headquartered in Manitoba, Canada, is a manufacturer of heavy-duty transit buses.

McCarthy Tétrault LLP represented Marcopolo, the acquiror, with a team led by David Tennant. 

People