French financial regulator: VW is allowed to buy back Europcar

The French Financial Market Authority (AMF) has approved the planned takeover of the French car rental company Europcar by Volkswagen. The takeover offer by a consortium around the automaker VW for the Europcar shares has been released, the authority announced after a meeting in Paris on Tuesday. Europcar had already accepted the offer at the end of July. The car rental company was in dire straits during the corona pandemic, as were competitors. Volkswagen sold Europcar in 2006.

Volkswagen wants to use the planned buyback of Europcar to turn the French company from a pure car rental company to be converted into a service network for your own offersCEO Herbert Diess said at the end of July. For VW, Europcar is “the best starting point for a future mobility platform”. It is about creating an integrated range of services for everything to do with cars. The company’s own fleet services and car sharing should therefore be brought together with Europcar, said the VW CEO. (dpa / swi)

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Lenny Li

I started to play with tech since middle school. Smart phones, laptops and gadgets are all about my life. Besides, I am also a big fan of Star War. May the force be with you!

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