Bankrupt car rental firm sells off unit for $875M

Hertz’s deal with Athene Holding requires approval from the bankruptcy court.

  • By Business Observer Staff
  • | 7:53 a.m. November 30, 2020
  • | 0 Free Articles Remaining!
Hertz President and CEOÂ Paul StoneÂ
Hertz President and CEOÂ Paul StoneÂ
  • Charlotte–Lee–Collier
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ESTERO — Hertz Global Holdings, working its way through bankruptcy, has reached an agreement to sell its fleet management entity, Donlen Corp., to financial services giant Athene Holding Ltd.

 

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