Volkswagen explores acquisition of car rental group Europcar

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WOLFSBURG,Germany: Volkswagen AG is in talks to acquire car French rental firm Europcar Mobility Group SA , in a deal that would allow the German ...

WOLFSBURG,Germany: Volkswagen AG is in talks to acquire car French rental firm Europcar Mobility Group SA , in a deal that would allow the German car maker to better capitalize on its fleet, people familiar with the matter said on Tuesday .

Europcar, which has market capitalisation of 390 million euros and net debt as of the end of March of more than 1 billion euros, has also attracted interest from private equity firms, including Apollo Global Management Inc , the sources added.

 

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