Volkswagen remains interested in taking over the car rental company Europcar

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Volkswagen has confirmed an interest in the takeover of the French car rental company Europcar, but is not even interested in the actual rental business. Rather, the considerations are moving in the direction of mobility services such as ride pooling and car sharing. The group is currently considering a majority takeover of Europcar together with the financial investors Attestor and Pon Holdings, as the group announced today in Wolfsburg.

Europcar rejected a non-binding offer of 44 cents per share. That would have been a total purchase price of around 2.2 billion euros, the news agency previously reported Bloomberg.

Europcar is one of several conceivable ways of accessing business plans in terms of “mobility providers”. In addition to its car sharing service WeShare, founded in 2019, and the ridepooling service Moia, which has been active since 2018, Volkswagen wants to create a higher-level mobility platform in the long term. The extensive infrastructure of the large car rental company Europcar would be well suited for this.


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