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Europe Daily Bulletin No. 7841

15 November 2000
Contents Publication in full By article 33 / 48
ECONOMIC INTERPENETRATION / (eu) leasing

The American hotel chain CENDANT has agreed to pay $935 million ($33 a share) to buy the remaining shares in the American car hire company AVIS HOLDNG GROUP ($3.3 bn annual turnover) that it still does not own, or 82%. After the transaction, AVIS will become a subsidiary of CENDANT.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION