Hyperdrive

VW in Talks With Europcar About Sweetened Offer for Car Renter

Target company confirms getting roughly $3 billion bid
Europcar says outcome of talks with consortium still uncertain

Europcar Mobility Group Car Rental as Volkswagen AG Confirms Pursuit — Photographer: Stefanie Loos/Bloomberg

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By Ed Hammond, Aaron Kirchfeld, and Christoph Rauwald

July 27, 2021 at 11:17 AM UTC

Updated on

July 27, 2021 at 4:43 PM UTC

This article is for subscribers only.

Volkswagen AG is moving closer to a deal to buy Europcar Mobility Group after sweetening its offer for the car renter.

Europcar is in talks with a consortium led by the German carmaker about a possible takeover at a price of 50 euro cents per share, the company said in a statement Tuesday, confirming an earlier Bloomberg News report. The bid would value the company at around 2.5 billion euros ($3 billion).