Paris / Bangalore (APA / Reuters) – The IPO of Europe’s largest car rental company Europcar is signed and sealed. The issue price for the shares amounts to 12.25 euros, the US bank Goldman Sachs said. The offering of 10.7 million shares was fully subscribed. Europcar and its owner Eurazeo had set the price range to 11.50 up to 15 Euro.
On June 30, the shares will be traded on the Paris stock exchange for the first time Euro Next.
Europcar operates a fleet of more than 200,000 vehicles in 160 countries, making it one of the leading car rental companies worldwide. 2014, the company continued to almost two billion euros, but was in the red – mainly because Europcar has to operate debt of 1.8 billion euros. The car rental company once belonged to Volkswagen and was sold in 2006 for 3 billion euros to Eurazeo.
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