Twitter LinkedIn
    Saturday, February 4
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals»VW makes pricey joyride with Europcar bid
    Deals

    VW makes pricey joyride with Europcar bid

    June 23, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Herbert Diess is struggling to stay in his lane. While the Volkswagen boss is facing soft sales in China, Paris-listed Europcar Mobility has rejected a 2.2 billion euro offer, Bloomberg reported on Wednesday. VW was last circling around the car rental firm a year ago, before the indebted company’s hedge fund-backed restructuring.

    There may be some schadenfreude in Diess’s offer: VW offloaded the business to Paris-listed buyout fund Eurazeo for 3.1 billion euros in 2006. And Europcar’s locations near airports and city centres could offer handy outlets for ride-sharing services and short-term rentals. Still, the 44 cents per share offer – a modest 13% premium to Tuesday’s closing price – would be a dear round trip. Analysts expect Europcar to make operating profit of 169 million euros in 2022.

    Read More

    Source: Reuters

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Deal PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    EQT Infrastructure acquires Madison Energy Investments

    December 22, 2022

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    Recent Rule Changes Spark New Wave of Private Equity Ownership in Pro Sports

    November 29, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    Comments are closed.

    Other Articles

    QED Investors closes $1.05bn Fund VII

    September 19, 2021

    SoftBank-backed Gopuff hires banks for IPO

    January 26, 2022

    Cathie Wood’s new fund to invest in disruptive tech in private markets

    February 7, 2022

    Partners Group to sell Straive

    August 20, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?