On Nov. 23, the Volkswagen Group and its partners Attestor Limited and Pon Holdings B.V., announced reaching an important milestone in the planned acquisition of Europcar: French financial market regulator Autorité des marchés financiers (AMF) approved the takeover offer of Green Mobility Holding S.A. for the shares of Europcar Mobility Group.
Volkswagen became the sole shareholder in Europcar in 1999, later selling its stake to investment firm Eurazeo SE in 2006. In June 2020, new reported talks began between VW and Europcar. But a year later, Europcar rejected VW's bid for its takeover, citing the proposed price per share not "reflecting the company’s full value and value creation potential.”
