German carmaker Volkswagen on Monday offered 2.5 billion euros to buy French autonomous company Europcar.
The offer is also supported by the British investment company Attestor and the Dutch technology company Pon.
The offer has already been accepted by Europcar’s board, but needs to be approved by the French regulator.
The deal assumes that Volkswagen will acquire a 66% stake in Europcar, Attestor will receive a 27% stake and Pon a 7% stake.
Volkswagen explains that it wants to meet the growing consumer demand for new and innovative mobility solutions, including subscription and sharing models.
The German carmaker once owned Europcar, which was sold to French investment firm Eurazeo for € 3.3 billion in 2006.
However, earlier this year, Eurazeo was forced to hand over the company’s creditors, given the negative effects of the coronavirus pandemic.
–
It is strictly forbidden to use, copy or reproduce the materials published on iAuto.lv on other Internet portals, mass media or otherwise handle the materials published on iAuto.lv without the written permission of EON SIA.
.
