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    EUCAR   FR0012789949

EUROPCAR MOBILITY GROUP

(EUCAR)
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Europcar Mobility : France's Europcar rejects takeover bid, saying price too low

06/23/2021 | 12:44pm EDT

PARIS, June 23 (Reuters) - French car hire group Europcar said on Wednesday it has rejected a takeover bid, without specifying the bidder, saying the 0.44 euro ($0.5254) per share price offered was too low.

Europcar said further talks might take place.

"The board of directors of the company has concluded that the price of 0.44 euros ($0.53) per share proposed does not reflect the company’s full value and value creation potential", Europcar said in a statement.

Bloomberg news agency reported that Europcar had rejected a $2.6 billion takeover bid from German carmaker Volkswagen . ($1 = 0.8379 euros) (Reporting by Matthieu Protard; Editing by Jan Harvey)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
EUROPCAR MOBILITY GROUP 0.67% 0.4993 Real-time Quote.18.34%
VOLKSWAGEN AG -0.75% 205.5 Delayed Quote.35.84%
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Financials
Sales 2021 2 227 M 2 643 M 2 643 M
Net income 2021 -126 M -150 M -150 M
Net Debt 2021 487 M 578 M 578 M
P/E ratio 2021 -20,0x
Yield 2021 -
Capitalization 2 500 M 2 966 M 2 967 M
EV / Sales 2021 1,34x
EV / Sales 2022 1,12x
Nbr of Employees 8 482
Free-Float 96,1%
Chart EUROPCAR MOBILITY GROUP
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Europcar Mobility Group Technical Analysis Chart | MarketScreener
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Technical analysis trends EUROPCAR MOBILITY GROUP
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TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Last Close Price 0,50 €
Average target price 0,48 €
Spread / Average Target -3,87%
EPS Revisions
Managers and Directors
Caroline Parot Chief Executive Officer & Director
Luc Etienne Péligry Group Chief Financial Officer
Alexandre de Juniac Chairman
Damien Basselier Group Chief Product & Chief Technology Officer
Olivier Baldassari Group Chief Countries & Operations Officer
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