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Article: SA: Management buyout secures car rental business
- Article from:
- AAP General News (Australia)
- Article date:
- December 20, 2004
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AAP General News (Australia)
12-20-2004
SA: Management buyout secures car rental business
ADELAIDE, Dec 20 AAP - A management consortium has bought the Australian franchise
of car rental company Europcar for an undisclosed amount.
The group has also secured the Asia-Pacific franchise rights from the Paris-based group
Europcar International in a deal announced in Melbourne today.
The buy-out includes the acquisition of existing Europcar operations in Australia,
Indonesia, Malaysia, New Zealand, Pakistan, Sri Lanka and Singapore.
It also includes the rights to set up franchises in 20 other markets including the
Philippines, South Korea, Taiwan, Thailand and Vietnam.
The Australian ...