Car rental company seeks investors: VW through the purchase of Europcar

down The Corona pandemic has car rental companies around the world in a deep crisis. Lack of bookings have driven the American provider Hertz in the bankruptcy,

Car rental company seeks investors: VW through the purchase of Europcar

down The Corona pandemic has car rental companies around the world in a deep crisis. Lack of bookings have driven the American provider Hertz in the bankruptcy, also Sixt from Bavaria suffers, and the worst quarter in its history, by living, how to the digital shareholders ' meeting on Wednesday, it was emphasized. Europcar, with its main seat in Paris has been supported by the French state, and has sped up the longer-running search for an Investor who is interested in participating. This has apparently called an old acquaintance on the scene: The Volkswagen group.

Christian Müßgens

economic correspondent in Hamburg.

F. A. Z.

Christian Schubert

economic correspondent in Paris.

F. A. Z. Twitter

VW Europcar had sold in 2006 to the French financial investor Eurazeo, the the Acquisition, including all debts more than 3 billion euros in costs. Now Wolfsburg are considering buying, apparently, a return. As the industry reported that they are in talks with Europcar and want to view the books of the lessor. Whether the transaction is still open, also because Europcar has apparently Alternatives. Allegedly including Apollo Global Management from New York are in addition to VW also, financial investors have shown interest,.

In the stock market long descent of the share price is Europcar after a year of 390 million euros in value. After the talks became known, the share price rose on Wednesday, in the meantime, to 17 percent, lost its gains and traded in the afternoon only at a slight Plus.

A new sales channel for E-cars

analysts believe that VW wants to strengthen through a Takeover of its services related to new mobility. Although had made on this field last in the industry a sobering experience, it could've be interesting, "Expertise out of this Segment, when in the market for a favorable opportunity arises," says Marc-René Tonn of the Bank M. M. Warburg. As conceivable is that VW uses the dense network of rental stations, to make car-sharing offers.

Updated Date: 24 June 2020, 15:19

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