Sixt to Partner with Avis for Dollar Thrifty?

Sixt Group is in talks with Avis Budget Group in regards to Avis' possible merger with Dollar Thrifty Automotive Group, according to the New York Post. Sixt would apparently take $300 to $400 million in annual business to facilitate regulatory approval with the Federal Trade Commission, according to the report.

Sixt Group, one of Europe's largest car rental companies with €807.5 million ($1.14 billion) in revenues last year, would apparently take over a combination of Budget and Dollar Thrifty locations in overlapping markets.

Though a deal has not been announced, the Post reports that talks "have heated up during the past several weeks," according to sources.

Comments

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