Photo via Sixt.
Sixt released a statement today denying the rumors that it is pursuing an acquisition of Hertz. The rumor, first reported Wednesday on Seeking Alpha, gave little information of the supposed purchase, only saying that “European car rental player Sixt SE is interested in a takeover.”
“Current market speculations and media reports in the USA that Sixt SE is interested in acquiring Hertz are completely unfounded and false,” Sixt officials said in a statement. “Sixt rejects these rumors as inaccurate.”
Based on today’s stock prices, Hertz’s market capitalization is $1.568 billion and Sixt’s is 3.603 billion euros ($4.08 billion). At the end of 2019, Hertz reported a total revenue of $8.8 billion, while Sixt earned $2.9 billion.