Avis Budget acquisition of Zipcar receives U.K. antitrust clearance Avis Budget Group (CAR) and Zipcar (ZIP) announced that the United Kingdom Office of Fair Trading has determined that Avis Budget's planned acquisition of Zipcar does not qualify for investigation under U.K. antitrust law. The transaction has now received regulatory clearance in both the United States and the United Kingdom. The companies currently anticipate that the transaction will be completed during the week of March 11, subject to customary closing conditions.
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Avis Budget to operate Budget Car Rental brand in Portugal directly Avis Budget Group announced that it will operate the Budget Car Rental brand in Portugal directly, effective immediately. Prior to this announcement, Avis Budget Group's corporate-operated locations in Portugal had been limited to the Avis Car Rental brand, while the Budget brand had been operated by a licensee.