Avis Budget Group Completes Transaction to Operate Budget in Poland
(Thomson Reuters ONE) -
BRACKNELL, England, April 10, 2017 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc.
(NASDAQ:CAR), a leading global provider of vehicle rental services, today
announced the completion of a transaction that will allow the Company to operate
the Budget brand in Poland directly and to expand its presence in the Polish
market.
Prior to the transaction, the Budget brand had been operated in Poland by a
third-party licensee since 1990. Avis Budget Group had previously acquired its
Avis licensee in Poland in November 2015.
The transaction affirms Avis Budget Group's commitment to the fast-growing
Central European markets, further increasing its ability to serve commercial and
leisure customers there. The transaction will add more than 300 vehicles to the
Avis Budget Group fleet and seven airport rental locations, including Warsaw,
Krakow and Gdansk.
Mark Servodidio, President, International, Avis Budget Group, said, "We're
excited to announce this transaction. Managing both the Avis and Budget
operations in Poland will enable us to drive synergies in the business as well
as accelerate the enhancements to the customer experience that our licensee
partner has supported for a number of years."
Terms of the transaction were not disclosed.
About Avis Budget Group
Avis Budget Group, Inc. is a leading global provider of vehicle rental services
through its Avis and Budget brands, with more than 11,000 rental locations in
approximately 180 countries around the world, and through its Zipcar brand,
which is the world's leading car sharing network, with more than one million
members. Avis Budget Group operates most of its car rental offices in North
America, Europe and Australia directly, and operates primarily through licensees
in other parts of the world. Avis Budget Group has approximately 30,000
employees and is headquartered in Parsippany, N.J. For more information, visit
www.avisbudgetgroup.com.
Contacts
Media Contact:
Alice Pereira
(973) 496-3916
PR(at)avisbudget.com
Investor Contact:
Neal Goldner
(973) 496-5086
IR(at)avisbudget.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Avis Budget Group, Inc. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 10.04.2017 - 22:30 Uhr
Sprache: Deutsch
News-ID 535579
Anzahl Zeichen: 2810
contact information:
Town:
PARSIPPANY
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 347 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Avis Budget Group Completes Transaction to Operate Budget in Poland"
steht unter der journalistisch-redaktionellen Verantwortung von
Avis Budget Group, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
