SAO PAULO Nov 30 Movida Participações SA filed
for regulatory permission to sell shares for the first time in
the São Paulo Stock Exchange, the second such plan by a
Brazilian car rental firm this year.
In a Wednesday securities filing, both Movida and
controlling shareholder JSL SA said both the company
and shareholders will place stock in an initial public offering.
None of them elaborated on terms of the deal, including the size
of the transactions, the number of shares to be offered or a
suggested price tag for the stock.
(Reporting by Guillermo Parra-Bernal; Editing by Chris Reese)