Fleet News

Cendant in bid for Avis Holdings

CENDANT has offered to buy 82% of Avis Group Holdings for £468 million in a bid to bring the car rental company under its direct control. The move would affect Avis Group, which operates the car rental business in North America, Australasia and Argentina.

Avis locations in the UK are run by Avis Europe, a separately managed and quoted company.

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