Avis Budget Group, a leading global provider of vehicle rental services, has completed the acquisition of Olympic Commercial & Tourist Enterprises, which trades as Avis Greece, from Piraeus Bank.
Avis Hellas will pass into the ownership of Avis Europe Holdings and Turkey’s Otokoc in a 318.1 million-euro deal, according to main shareholder Piraeus Bank.
Avis Greece celebrated its positive performance in 2016 at a special event in central Athens this week, amid media reports of the company’s imminent sale.
