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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 of Europcar car rental company can be seen at Paris Charles de Gaulle, Roissye-en-France airport during the Coronavirus epidemic (COVID-19), which occurred in France on May 19, 2020. REUTERS/Charles Platiau

BRUSSELS: EU antitrust regulators should approve the Volkswagen-led consortium’s bid for Europcar worth 2.9 billion Euro ($3 Billion), people familiar with it said.

Volkswagen (ETR:), teamed up last year with Dutch mobility group Pon Holdings BV, and asset manager Attestor Limited to offer Europcar in France. The bid was a wager on rapidly-growing mobility services.

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