Europcar bids please VW, IPO not ruled out -source

Newswire

FRANKFURT, Feb 24 (Reuters) - Volkswagen is "very satisifed" with the bids it has received for car rental firm Europcar but has not ruled out a public listing for the business, a source familiar with the situation told Reuters on Friday. "An order of magnitude of around 3 billion euros ($3.59 billion) for enterprise value is certainly realistic," the source said of the offers. He said more than two but fewer than 10 parties had submitted bids, including private equity firm JP Morgan ...

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