Volkswagen mulls buying majority stake in Europcar

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It said in a statement that considerations are at a very early stage and no decisions have been taken, adding that Europcar had already rejected a non-binding offer of 0.44 euros ($0.52) per share.

Volkswagen said buying Europcar was one of several options the company was considering to give the company access to a rental platform that would support its “long-term mobility vision” and strengthen its range of products and services.

On Wednesday, Bloomberg news agency reported that Europcar had rejected a $2.6 billion takeover bid from Volkswagen.

($1 = 0.8370 euros)