The carsharing company expands its mobility business by acquiring Share Now, adding 14 European cities to Free2move’s seven existing mobility hubs in the U.S. and Europe. Here's what the move means for the company's larger strategy.
The acquisition of Opel Rent accelerates the Free2move growth strategy in Germany and Austria and pushes the transition from rent to mobility provider, with vehicle access under the umbrella of Free2move.
VW reached an important milestone in the acquisition of Europcar with French financial market regulator approval.
Athene is the lead investor in the new mega company, consolidating two of the most well-known fleet companies in the world.
Two of the world’s largest leasing companies are considering combining forces to create a global mobility leader.
The bid is said to have come from Volkswagen AG and would have valued the rental company at about €2.2 billion ($2.6 billion).
In a potentially rare outcome in a corporate bankruptcy, the revised plan if accepted will amount to a recovery of 60 to 70 cents a share for stockholders.
The new bid values Hertz at $6.2 billion and would pay unsecured bondholders in full.
Hertz chose the renegotiated proposal over a competing one from Certares and Knighthead Capital. The plan keeps Hertz on track to exit Chapter 11 in June.
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