PARIS — German carmaker Volkswagen on Monday offered
2.5 billion euros ($2.9 billion) for French car rental firm Europcar, in an
offer backed by a British investment firm and a Dutch tech company.
اضافة اعلان
Accepted by Europcar's board but still subject to a green
light from France's market watchdog, the deal would give VW 66 percent of
shares.
UK fund Attestor would take 27 percent and Dutch mobility
platform Pon 7 percent.
"It is not foreseen that (Europcar) will be
consolidated in the
Volkswagen group" if the buyout goes ahead, a
Luxembourg-based holding company set up by the prospective buyers said in a
statement.
But the world's second-largest carmaker said it wanted to
meet "an increasing consumer appetite for new and innovative 'on-demand'
mobility... such as subscription and sharing models".
Meanwhile the buyout would have "no significant impact
on (Europcar's) workforce", the statement said.
European manufacturers like BMW, VW and Renault have
increasingly eyed the traditionally separate car rental business in recent
years, but have yet to find a profitable business model.
Volkswagen once owned Europcar and sold it to French
investment firm Eurazeo for 3.3 billion euros in 2006.
But the company was forced to cede the rental firm to its
creditors earlier this year due to fallout from the coronavirus pandemic.
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