Two big car rental companies vying to take over Mauritian Avis

12 years, 2 months ago - 22 March 2011,
Two big car rental companies vying to take over Mauritian Avis
By the end of this week the fifty Avis employees should be fixed on the fate of their car rental company. After a tendering exercise last month, Avis Europe should decide between two major Mauritian companies to take over the company's alternative receptive White Sand Tours.

In Mauritius in late February, representatives of Avis Europe have proceeded to open the envelopes after the close of bidding by selling The Car Company Ltd. This tour operator subsidiary of White Sand Tours (now White Palm Ltd.) is still the holder of the permit operation of Avis, which deals with car rental.

According to Anand Lutchumun the firm of chartered accountants Lutchumun & Associates, the administrator appointed to this position and the Board of Avis Europe appoint the new owner of Avis this week.

"Two major Mauritian companies have signified their interest to take The Car Company Ltd. Representatives of Avis Europe informed me that the board will decide how to proceed this week," said Anand Lutchumun to

It should be noted that the buyer of Avis Rent a Car System will have the opportunity to find agreement with Avis Europe Plc rights, as their new partner in Mauritius.

The tender for the sale of The Car Company Ltd was completed on February 18. After the branch, other subsidiary of White Sand Tours, which number about twenty and much of which is considered "dormant", will also be offered for sale.

Placed in receivership since August 2010 for financial problems, including a debt of around Rs 300 million, the White Sand Tours teaches finally found a buyer late 2010, namely New Mauritius Hotels Ltd.