VW close 'to buying Europcar for €2.5bn'

A consortium led by German carmaker Volkswagen increased its offer for Europcar to around €2.5bn.
Volkswagen is moving closer to a deal to buy Europcar after gaining support from the car rental firm’s hedge fund backers with a sweetened offer, according to sources.
A consortium led by the German carmaker increased its offer for Europcar to around €2.5bn.