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Reuters exclusively reported Volkswagen set to get unconditional EU nod for Europcar deal

AutomotiveBusiness & Finance

Reuters exclusively reported that Volkswagen is expected to win unconditional EU antitrust approval for its 2.9-bln-euro bid for French rental car company Europcar, an acquisition that will boost its presence in fast-growing mobility services, which are seen as the next money spinner for carmakers. Volkswagen teamed up with asset manager Attestor Limited and Dutch mobility group Pon Holdings BV last year to launch the bid for French-listed Europcar, placing a bet on fast-growing mobility services.

Article Tags

Topics of Interest: AutomotiveBusiness & Finance

Type: Reuters Best

Sectors: Equities

Regions: Europe

Countries: France

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story