By Kim Richters 
 

Europcar Mobility Group SA confirmed advanced talks with a consortium made up of Volkswagen AG, Attestor Ltd. and Pon Holdings BV for a possible takeover offer that would value the car-rental company at 2.5 billion euros ($2.95 billion).

France's Europcar said on Tuesday that the possible offer for its share capital was around 50 cents per share but there was no certainty to the outcome of the discussions.

German car maker Volkswagen in June confirmed that it was considering the acquisition of a majority stake in Europcar but the Paris-listed car-rental company said at the time it had rejected an approach that would value the company at around EUR2.21 billion.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

July 27, 2021 13:27 ET (17:27 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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