advertising
Categories: News

Volkswagen to buy Europcar for 3 billion euros

Europcar should soon pass under the flag of the Volkswagen group, which for its part is seeking to develop its mobility activities.

French Europcar, leader in the car rental sector, could soon go under german flag. In any case, this is what the Volkswagen group wants, which has announced that it has made an offer to purchase Europcar shares at € 0.50 per share, or € 2.9 billion. For its part, the consortia current owners of the lessor accepted the offer, after having refused a smaller one last June. The process will now follow its regulatory court with the Financial Markets Authority (AMF) and the Competition Authority.

One way to lower the group’s CO2 emissions?

This takeover would be an important step in the transformation of the Volkswagen group into a “mobility supplier”. The group could use the 3,500 Europcar branches to deploy its electrical offer there, and thus kill two birds with one stone. Firstly increase electrical terminals

advertising
and access to electricity for consumers who are still cautious. On the other hand, mechanically increase the sales of its electric cars. A good way to do it too lower average emissions of the group in Europe.

Volkswagen has already owned Europcar for 8 years, from 1998 to 2006. Europcar is also the owner of the Ubeeqo carsharing specialist, an activity that could gain weight in the activities of the Volkswagen group in the coming years.

If the buyout process goes smoothly, Volkswagen’s takeover should be effective by the start of 2022.

Read also :

fbq('init', '1074802596328068'); fbq('init','3856678577721467'); fbq('track', "PageView"); jQuery(document).on("change_item" , function(e, i) if(i == 11) fbq('track', "ViewContent");

);

Share
Published by
Redaction

Recent Posts

Paris Motor Show 2022: the show’s partner Twitter network!

The 2022 Paris Motor Show, which will take place from October 17 to 23 at…

9 hours ago

ZEWAY, the best offer of electric scooters on the market?

ZeWay offers an unprecedented electric mobility solution, with battery swapping, which allows you to recharge…

9 hours ago

Video: Spectacular CRASH between two ambulances!

A huge shock occurred in a district of the Bronx in the United States. Two…

10 hours ago

Audi still continues to believe in small city cars

Despite the scheduled shutdown of the A1, Audi continues to see potential in city cars.…

11 hours ago
advertising

The driver of this Mercedes has a brush with death

Visibly in a hurry, the driver of this Mercedes S-Class is driving at high speed…

12 hours ago

Alpine A110 R (2023) : l’Alpine ultime !

Alpine passes its berlinetta to GT3 RS sauce! Here is the A110 R, which wants…

12 hours ago

This website uses cookies.