Avis Europe up on bid speculation
LONDON (Reuters) - Shares in Europe's biggest car rental firm Avis Europe jumped as much as 6.5 percent on Thursday with dealers citing market talk its biggest shareholder, D'Ieteren, could bid to takeover the company. "We have heard D'Ieteren are going to bid outright for them," said one dealer. Belgian car distributor D'Ieteren (IETB.BR: Quote, Profile, Research), which owns almost 60 percent of Avis Europe, said it had no comment. Avis Europe also declined to comment.
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