Buy
Sell
Share Name Share Symbol Market Type
Volkswagen AG XE:VOW XETRA Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.95 -0.55% 172.95 172.95 172.90 177.20 171.35 173.05 47,853 16:45:00

Europcar Mobility Group Announces Agreement With Consortium Led by Volkswagen

28/07/2021 9:05pm

Dow Jones News


Volkswagen (XE:VOW)
Historical Stock Chart


From Jul 2021 to Jul 2022

Click Here for more Volkswagen Charts.
   By Stephen Nakrosis 
 

Europcar Mobility Group on Wednesday said it entered a tender offer support agreement setting terms and conditions of its proposed acquisition by a consortium led by Volkswagen AG.

The consortium, which also includes Attestor Ltd. and Pon Holdings B.V., made an offer of EUR0.5 per share, Europcar said, adding there is a potential price supplement of EUR0.01 if a 90% squeeze-out threshold is reached by the deal's completion.

The acquisition would come by way of a dedicated company, Green Mobility Holding, which will be jointly held by the consortium's members, Europcar said.

Europcar said its board "favorably welcomed" the planned deal.

On the recommendation of an ad hoc committee, Ledouble SAS was appointed independent appraiser "in charge of issuing a report including a fairness opinion on the financial terms of the tender offer," Europcar said.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

July 28, 2021 15:59 ET (19:59 GMT)

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

1 Year Volkswagen Chart

1 Year Volkswagen Chart

1 Month Volkswagen Chart

1 Month Volkswagen Chart
ADVFN Advertorial
Your Recent History
XE
VOW
Volkswagen
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220702 07:37:53