The European Commission on 10 November 2026 cleared Volkswagen's acquisition of sole control of Europcar Mobility Group, after the German carmaker agreed to buy Attestor's 27% stake in the rental group's holding company, Green Mobility Holding, for about €1bn.
Deal terms and financing
Volkswagen, acting through Europcar Holding Luxembourg SA, is acquiring Attestor's 27% of Green Mobility Holding. The purchase lifts its indirect holding in Europcar from 66% to 93%, while Pon Holdings retains 7%.
Regulatory approvals and timing
The deal was notified to the Commission on 13 October 2026 and cleared under the simplified procedure on 10 November. Morocco's Competition Council and Kenya's Competition Authority also reviewed the move to exclusive control.
Market context
Volkswagen, Attestor and Pon took Europcar private in 2022 under a joint-control arrangement that prevented the carmaker from taking strategic decisions alone.
