Europcar: changes in governance following takeover

(CercleFinance.com) - Green Mobility Holding S.
A., a consortium consisting of Volkswagen, Attestor and Pon Holdings, has announced its intention to change the governance of Europcar Mobility Group.

The current Board of Directors is to be replaced by a dual structure with a Supervisory Board and a Management Board. The change in governance is subject to approval at the AGM on 29 June 2022.

Following the results of the initial offer period - with 87.38% of Europcar Mobility Group's share capital tendered to the offer (corresponding to at least 87.36% of the voting rights) - the consortium will become the controlling majority shareholder of Europcar Mobility Group.

As a result, the consortium will propose to the AGM of Europcar Mobility Group's shareholders the appointment of five candidates for the newly created Supervisory Board: Imelda Labbé and Holger Peters from Volkswagen, Jan-Christoph Peters and David Alhadeff from Attestor and Janus Smalbraak from Pon Holdings.


Copyright (c) 2022 CercleFinance.com. All rights reserved.