Republic in U.K. car rental buy

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Republic Industries, Fort Lauderdale, Fla., looking for European growth opportunities, said it plans to acquire all shares of EuroDollar Holdings, the owner of 110 EuroDollar Rent-A-Car sites in the U.K. The deal, valued at about $150 million, will be paid in either cash or notes. Republic owns National Car Rental System, Alamo Rent-A-Car, Spirit Rent-A-Car, Value Rent-A-Car, and Snappy Car Rental.

Copyright August 1997, Crain Communications Inc.

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