) as it seeks to cash out from the troubled French car rental company, sources told Reuters.
Eurazeo has tapped JPMorgan to handle the sale, which was triggered by a series of approaches made by financial investors in recent weeks, the sources said. In October it revised its full year guidance saying it expected 2019 core earnings of 275 to 285 million euros, after net profit dropped 32% in the first nine months of the year while adjusted core earnings were down 13.5% in the same period.
Some of the bidders may also consider bidding for the whole company as this would allow them to delist the business and turn it around away from the public markets, some of the sources said, cautioning that no deal was certain.
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