Volkswagen 'to get EU approval for €2.9bn Europcar purchase'

Europcar would help Volkswagen to increase its presence in lucrative mobility services.

Volkswagen declined to comment on the matter.

A group led by Europe's largest carmaker Volkswagen is set to win unconditional EU competition approval for its €2.9bn bid for rental company Europcar, according to sources.

Volkswagen teamed up with asset manager Attestor and Dutch mobility group Pon last year to launch the bid for French-listed Europcar, placing a bet on fast-growing mobility services.