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Exclusive-EU set to clear Volkswagen’s Europcar deal without conditions

by Mike Robinson

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© Reuters. The logo for Europcar, a car rental company is visible outside Paris Charles de Gaulle Airport in Roissy–en-France at the time of the Coronavirus Disease (COVID-19), in France on May 19, 2020. REUTERS/Charles Platiau

BRUSSELS, (Reuters) – EU antitrust regulators will approve the bid of a Volkswagen-led consortium for Europcar at 2.9 billion euros ($3 billion), according to people who are familiar with this matter.

Volkswagen (ETR:), a Dutch asset manager Attestor Limited joined forces with Pon Holdings BV, a Dutch mobility company to offer Europcar in France. The bid was based on rapidly-growing mobility services and placed a wager on it.

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