FRANKFURT—Volkswagen is convinced that its 2.9 billion euro ($3.3 billion) offer for France’s Europcar, made as part of a consortium, fairly reflects the firm’s value, a senior executive said, pouring cold water on hopes for a higher bid.
“With a takeover premium of 30–40 percent, depending on the reference point, we have presented a very attractive offer,” Christian Dahlheim, Volkswagen’s head of group sales and one of the main architects of the deal, told Reuters.
