Back in 2006, before the economic banking crisis....Volkswagen got some advice and decided to part with their car rental company....Europcar.
At the time, they cleared 3-billion Euro on the sale.
It's a curious story....Europcar has been around, as a French company, since 1949. In 1998, Volkswagen bought the complete company.
There's talk this week that Volkswagen is interested in buying Europcar back.
The discussed pricing? Well....just under 400-million Euro. Yes, with the recession in effect and Covid-19 episodes brewing.....Europcar is severely under-priced.
A done deal? No one says that. It's still at the talking stage.
The odd feature of this discussion, and difference since 2006....two years ago, Europcar went out and bought Scooty. I know....it's not a big known company. They specialize in electric scooters that you see a good bit in Belgium, and can rent around train stations and urbanized areas. It'll be curious to see if Volkswagen retains Scooty, or helps them enlarge their business operation around Germany.
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