Europcar Groupe is “cautious” about the British car rental market as it monitors developments in the UK’s negotiations to leave the EU, although it has yet to see any impact on its 2017 results.

The Irish franchisee of car and van rental firm Europcar has been acquired by its parent group for an estimated €26m. Since its Paris flotation last year the French rental group has targeted the purchase of its better-performing franchisees with a reported war-chest of around €500m available.