Europcar Confirms Advanced Takeover Talks With Volkswagen Consortium
27 Juli 2021 - 7:32PM
Dow Jones News
By Kim Richters
Europcar Mobility Group SA confirmed advanced talks with a
consortium made up of Volkswagen AG, Attestor Ltd. and Pon Holdings
BV for a possible takeover offer that would value the car-rental
company at 2.5 billion euros ($2.95 billion).
France's Europcar said on Tuesday that the possible offer for
its share capital was around 50 cents per share but there was no
certainty to the outcome of the discussions.
German car maker Volkswagen in June confirmed that it was
considering the acquisition of a majority stake in Europcar but the
Paris-listed car-rental company said at the time it had rejected an
approach that would value the company at around EUR2.21
billion.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
July 27, 2021 13:27 ET (17:27 GMT)
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