Volkswagen plans Europcar sale in 4 months -report

Newswire

FRANKFURT, Nov 24 (Reuters) - Volkswagen plans to sell its car rental business, Europcar, to financial investors in the next four months, German daily Handelsblatt reported. In an advance copy of the business newspaper's Friday edition, it quoted company sources as saying that more than 10 financial investors had shown interests in the unit. Volkswagen said on Sept. 23 that the business -- worth between 600 million euros and 1 billion euros according to one analyst -- could be expanded, ...

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