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    VOW3   DE0007664039

VOLKSWAGEN AG

(VOW3)
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French Regulator Approves Volkswagen's Bid for Europcar

11/23/2021 | 12:55pm EST

By Mauro Orru

France's financial market regulator approved a bid from a consortium including Volkswagen AG for the acquisition of Paris-listed car-rental company Europcar Mobility Group SA.

The German car maker said Tuesday that the Autorite des Marches Financiers approved the takeover offer from Green Mobility Holding SA, consisting of Volkswagen, Attestor Ltd. and Pon Holdings BV.

The announcement comes roughly two months after the consortium filed its tender offer for Europcar with the AMF.

Volkswagen said that the AMF would reveal the start of the acceptance period for the tender of shares in Europcar.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

11-23-21 1255ET

Stocks mentioned in the article
ChangeLast1st jan.
EUROPCAR MOBILITY GROUP -0.28% 0.5066 Real-time Quote.0.08%
VOLKSWAGEN AG 1.60% 193.1 Delayed Quote.8.80%
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Analyst Recommendations on VOLKSWAGEN AG
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Financials
Sales 2021 247 B 282 B 282 B
Net income 2021 13 840 M 15 797 M 15 797 M
Net cash 2021 30 158 M 34 422 M 34 422 M
P/E ratio 2021 6,99x
Yield 2021 3,87%
Capitalization 122 B 139 B 139 B
EV / Sales 2021 0,37x
EV / Sales 2022 0,31x
Nbr of Employees 645 318
Free-Float -
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Technical analysis trends VOLKSWAGEN AG
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 23
Last Close Price 193,10 €
Average target price 243,06 €
Spread / Average Target 25,9%
EPS Revisions
Managers and Directors
Herbert Diess Chairman-Management Board
Arno Antlitz Head-Finance & Information Technology
Hans Dieter P÷tsch Chairman-Supervisory Board
Thomas Schmall-von Westerholt Head-Technology
Kurt Michels Chief Compliance Officer
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