Takeover offer for Europcar Mobility Group successful – remaining minority shareholders can tender until June 29

Takeover offer for Europcar Mobility Group successful – remaining minority shareholders can tender until June 29

  • Green Mobility Holding S.A., a bidder consortium consisting of Volkswagen, Attestor and Pon Holdings, today announced the initial result of the takeover offer for the shares of Europcar Mobility Group, as published by the French financial market authority (AMF). At the expiry of the initial acceptance period on June 10, 2022, a total of 4,382,557,662 shares of Europcar Mobility Group, representing 87.38 percent of the share capital and at least 87.36 percent of the voting rights of the company, have been tendered. Hence, the minimum acceptance threshold for the offer of 67 percent has been reached. The settlement-delivery of the shares tendered to the initial acceptance period with the payment of the offer price of EUR 0.50 per tendered share will take place on June 22, 2022

Green Mobility Holding aims to acquire more than 90 percent of the share capital and voting rights of Europcar Mobility Group. If the threshold of 90 percent of the share capital and voting rights of Europcar Mobility Group is reached, the offer price will increase from EUR 0.50 per share to EUR 0.51 per share. Minority shareholders of Europcar Mobility Group who have not yet tendered their shares will have the opportunity to do so for another ten trading days during an additional acceptance period in accordance with article 232-4 of the AMF’s general regulation. As communicated by the AMF, the tender offer will reopen from June 16 until June 29, 2022.

Dr. Christian Dahlheim, CEO Volkswagen Financial Services and project lead for the Europcar transaction: “The planned transformation of Europcar into a tech business that should become the cornerstone of Volkswagen’s future mobility platform will require significant investments over the next couple of years. Remaining minority shareholders of Europcar now have the last chance to accept a highly attractive offer and secure a significant portion of the targeted long-term value creation in advance in the reponed offer. The offer price per share will increase from 50 to 51 Euro cents if more than 90 percent of the shares and voting rights have been tendered at the end of the reopened offer, making the bid even more attractive. Shareholders who want to tender their shares should contact their bank now.

The offer document of Green Mobility Holding S.A. having received visa no. 21-499 from the AMF on November 23, 2021 and the other information document relating to legal, financial, accounting and other characteristics of Green Mobility Holding are available on the websites of the AMF (www.amf-france.org) and Volkswagen (www.volkswagenag.com/en/InvestorRelations/news-and-publications/Europcar_offer.html) and may be obtained free of charge from:

Green Mobility Holding S.A.
19-21, route d’Arlon
8009 Strassen
Luxembourg

Bank of America Europe DAC – Succursale en France
51 rue La Boétie
75008 Paris
France

BNP Paribas
4 rue d’Antin
75002 Paris
France

The response document of Europcar Mobility Group having received visa no. 21-500 from the AMF on November 23, 2021 and the other information document relating to legal, financial, accounting and other characteristics of Europcar Mobility Group are available on the websites of the AMF (www.amf-france.org) and Europcar Mobility Group (www.europcarmobility-group.com) and may be obtained free of charge at the registered office of Europcar Mobility Group, 13 ter, boulevard Berthier, 75017 Paris, France.

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