Successful Closing of the Financial Restructuring of Europcar Mobility Group1: the Group Opens a New Chapter in Its History, With Renewed Ambitions – Business Wire

PARIS–(BUSINESS WIRE)–Regulatory News:

Europcar Mobility Group² (Paris:EUCAR) announces today the finalization of its balance sheet restructuring, thanks to the successful completion of the final steps of the accelerated financial safeguard plan approved by the Paris Commercial Court on February 3^rd, 2021.

This will enable the Group to accelerate the implementation of Connect, its strategic roadmap, while actively preparing for the progressive recovery of domestic and international travel.

Caroline Parot, Chief Executive Officer, stated:

Today, it is with great ambition that we are opening a new chapter in the history of Europcar Mobility Group: with a significantly reduced corporate debt, the injection of new money combined with new …