Avis Europe unveils cash call

Car rental group Avis Europe moved to shore up its balance sheet today by announcing plans to raise €183m million from shareholders.

Avis Europe unveils cash call
Fri, 25 Jun, 2010 - 09:36

Car rental group Avis Europe moved to shore up its balance sheet today by announcing plans to raise €183m million from shareholders.

The heavily-discounted rights issue has already won the support of Brussels-based motoring services firm D’Ieteren, which owns 60% of the company.

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