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Label: Highlight
Subject: Corporate & M&A , Insolvency & Restructuring
Autor: Daniel Hayek , Laura Oegerli
Reading time: 4 Min
04.08.2021

Prager Dreifuss Advises Investment Fund Attestor on the Takeover of Europcar Mobility Group

Daniel Hayek
Laura Oegerli
04.08.2021

A consortium consisting of German carmaker and pioneer in the area of climate-neutral mobility Volkswagen AG (66%), the English investment fund Attestor Limited (27%) and Dutch Pon Holdings B.V. (7%) submitted a takeover bid to the French listed car-rental company Europcar Mobility Group ("Europcar") for EUR 0.50 per share, which was accepted by Europcar. The total takeover price amounts to more than EUR 2.1 bn. The takeover is currently subject to the approval by the French Stock Market Authority AMF (Autorité des Marchés Financiers) and the relevant antitrust approvals. The transaction will be completed in Q4 2021 or Q1 2022.

Prager Dreifuss AG (Daniel Hayek, Laura Oegerli) advised the existing Europcar shareholder Attestor Limited on the negotiation of the takeover agreements and the shareholder agreement with the consortium and the submission of the takeover bid. Attestor is an owner-managed investment fund specialized on turnaround and distressed-debt situations.