Piraeus Bank says Avis car-rental will be sold to Avis Budget Group for 80.6m euros
Piraeus said that Avis Budget Group has indicated its intention to designate as the ultimate purchaser of Olympic a special purpose company, having as sole shareholders Avis Europe Holdings and an Otokoc Group company with which the Avis Budget Group maintains a longstanding cooperation in many countries.
Piraeus had agreed to sell Avis car-rental for a cash consideration of 80.6 million euros. ■
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