Avis Budget Group, Inc. recently announced that it has acquired a significant interest in Carey International Inc., a provider of chauffeured ground transportation services worldwide.
In connection with this transaction, Avis Budget invested approximately $60 million in cash and now owns approximately 45 percent of Carey's common stock. In addition, Avis Budget also obtained a one-year option to increase its ownership stake in Carey to approximately 80 percent.











