Green Mobility (Volkswagen) to delist Europcar after acquiring 93.62% of the company


Green Mobility Holding, a consortium of Volkswagen group, Attestor Limited and Pon Holdings, will hold 93.62 percent of the shares of French car rental company Europcar, and will delist from the stock market on July 13. The end of the acceptance period of the purchase offer on June 29.

Especially at the end of the additional acceptance period of the purchase offer, the consortium acquired a total of 4,686,853,284 shares of Europcar Mobility Group, increasing its share in the company to 93.62%.

As a result, Green Mobility Holding demanded the implementation of the forced selling procedure (‘tightening’) and delisting of the company at a price of 0.51 Euros per share. In this way, shareholders who offer their shares will receive an additional payment of 0.01 Euro per title.

The liquidation-delivery of the additional acceptance period is scheduled for July 11, 2022, and the mandatory sale and delisting of Europcar Mobility Group shares is scheduled for July 13, 2022.

“We believe that the Europcar Mobility Group will be the cornerstone of Volkswagen’s future planned mobility offerings,” said Holger Peters, Head of the Volkswagen Transformation Office and Chairman of the Supervisory Board of Europcar Mobility Group.

“Having acquired more than 90% stake in Europcar Mobility Group and therefore being able to customize the company gives us the opportunity to act quickly to make this vision a reality,” he added.

Volkswagen already owned Europcar and later sold it to French investment firm Eurazeo for 3.3 billion euros in 2006. However, the Covid-19 outbreak and consequent restrictions on mobility have driven the French car rental company into bankruptcy.

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