The Company is controlled by its four founding executives, José Salim Mattar Júnior, Eugênio Pacelli Mattar, Antônio Cláudio Brandão Resende and Flávio Brandão Resende.
The corporate purposes are to operate in the car rental market and to make investments in equity interests in companies in Brazil and abroad. We haveThe Company has the following subsidiaries:
Localiza Fleet S.A. (“Localiza Fleet”): Privately-held company engaged in fleet rental business.
Rental Brasil Administração e Participação S.A. (“Rental Brasil”): Privately-held company engaged primarily in acquiring, selling and renting own properties to Localiza and its subsidiaries.
Localiza Serviços Prime S.A. (“Localiza Prime”): Privately-held company mainly engaged in the intermediation of sales of decommissioned cars previously used by Localiza, Localiza Fleet and Car Rental Systems.
Car Assistance Serviços de Administração de Sinistros S.A. (“Car Assistance”): Privately-held company engaged in managing car-related claims for insurance companies, accrediting and negotiating with garages and other suppliers, regulating claims, approving budgets and services performed, managing information and supporting documentation on claims and managing indemnities.
Localiza Franchising Brasil S.A. (“Franchising Brasil”): Privately-held company engaged in conducting the franchise business of “Localiza” brand in Brazil.
Localiza Franchising International S.R.L. (“LFI S.R.L.”): Limited liability company engaged in managing Localiza’s franchises in Argentina.
Rental International LLC (“Rental International”): Company’s wholly-owned subsidiary established to conduct financial activities abroad. It is currently dormant.
FR Assistance Serviços de Administração de Sinistros S.A. (“FR Assistance”): Wholly-owned subsidiary of Localiza Franchising Brasil S.A., currently dormant and engaged in managing car-related claims for insurance companies, accrediting and negotiating with garages and other suppliers, regulating claims, approving budgets and services performed, managing information and supporting documentation on claims and managing indemnities.
Localiza Car Rental Systems S.A., (“Car Rental Systems” or “Hertz Brasil”): Subsidiary of Localiza Fleet, mainly engaged in car rental and fleet rental.