Hertz Global Holdings has announced it has entered into a stock and asset purchase agreement to sell substantially all of its assets of its wholly owned subsidiary, Donlen Corp. Upon approval, Donlen would be sold to Athene Holding, a financial services company, for an estimated $875 million dollars. “The agreement to sell our Donlen business is another significant accomplishment for Hertz during our financial restructuring.” Said Hertz President and CEO, Paul Stone. A bankruptcy court has to approve the deal before it will become final.

For more: https://www.automotive-fleet.com/10131341/hertz-to-sell-donlen-for-at-least-875-million

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