Money - International
Volkswagen files offer for Europcar with French market regulator
Monday, 20 Sep 2021 11:35 PM MYT
BERLIN, Sept 20 — A consortium led by Volkswagen today handed in a proposal for a takeover of Europcar Mobility Group to France’s market regulator AMF, Volkswagen said today, following through on an announcement in July that an offer was underway.
Volkswagen, which has teamed up with asset manager Attestor Limited and Dutch mobility group Pon Holdings BV for the deal, is proposing an offer price of €0.50 per share, valuing the car rental company at €2.9 billion (RM14.2 billion). — Reuters
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