VW says its offer for Europcar approved by French regulator

BERLIN — France’s market regulator AMF has approved Volkswagen Group’s proposal filed in September to take over Europcar Mobility Group, the automaker said.

VW, which has teamed up with asset manager Attestor Limited and Dutch mobility group Pon Holdings for the deal, proposed an offer price of 0.50 euro per share, valuing the car rental company at 2.9 billion euros ($3.4 billion).

The AMF will announce when the process of tendering shares will begin, VW said in an emailed statement.

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