FRANCE - Eurazeo-backer Europcar buys Vanguard EMEA for EUR 670m
Eurazeo’s portfolio company Europcar has acquired Vanguard EMEA, the European activities of US-based Vanguard, for EUR 670m.
Europcar, which employs 5,600 staff, generated sales of EUR 1.28bn in 2005, representing a 9% increase on 2004. The company’s turnover in Q1 2006 increased by 14.6% over Q1 of the previous year.
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