Volkswagen submits an offer of €2.5 billion for French car rental firm Europcar. The deal, which would give Volkswagen 66% of Europcar's shares, has been accepted by the board but still needs to be accepted by regulators in France. Volkswagen previously owned Europcar and sold it to French investment firm Eurazeo for €3.3 billion in 2006.
Volkswagen has offered €2.5 billion for French car rental firm Europcar. The deal would give VW 66% of Europcar's shares and has been accepted by the board yet needs to be accepted by regulators in France. Volkswagen previously owned Europcar and sold it to French investment firm Eurazeo for €3.3 billion in 2006.
Volkswagen submitsanoffer of€2.5 billion for French car rental firm Europcar. The deal, whichwould give Volkswagen 66% of Europcar's shares, has been accepted by the board butstill needs to be accepted by regulators in France. Volkswagen previously owned Europcar and sold it to French investment firm Eurazeo for €3.3 billion in 2006.