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Europcar to be sold
Sunday, 10 Mar, 2006
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Europcar owner Volkswagen is to offload the car rental company.
French investment company Eurazeo has reportedly secured the £2.27 billion purchase of the car hire business from the German car manufacturer.
The sale, due to be completed by the summer, is subject to approval by competition regulators. It will include Europcar’s debt as well as equity and comes after VW considered several options, the BBC reported.
Report by Phil Davies
Phil Davies
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