Europcar Mobility Group : Debt restructuring plan and new business plan
Faced with plummeting sales against the backdrop of the crisis linked to the COVID-19 pandemic, Europcar Mobility Group announced early September that it wanted to negotiate with its creditors in order to slash its "corporate" debt sharply to ensure a sustainable capital structure. - On 26 November, the group reached an agreement with a large number of its creditors. The agreement, which is also backed by shareholder Eurazeo (29.9%), needs to be finalised by the end of March 2021....Europcar Groupe SA is part of the mobility sector as a handler in rental vehicles. Co.'s objective is to provide the mobility solution that meets its customers' needs in a market where expectations are constantly changing. Co. offers mobility solutions extending from short-term vehicle rental, via its three main brands, Europcar®, Ubeeqo® and InterRent®, and chauffeur services to car-sharing and a platform offering mobility services. Ubeeqo, a specialist in car-sharing, and E-Car Club, a car-sharing start-up offering an entire fleet of electric vehicles in the United Kingdom, have broadened Co.'s mobility offer through its subsidiary, Europcar Lab.
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