Africa insurance M&A: global insurers’ next frontier

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Debevoise advises Hertz on spin-out of rental business

Debevoise & Plimpton has advised The Hertz Corporation in the separation of its equipment rental business into a separate, publicly traded company. As a result of the transaction, Hertz’s parent company, Hertz Global Holdings, will receive proceeds of approximately $2bn (£1.5bn). Following the transaction and the related 5-for-1 spin distribution, Hertz Global expects to begin trading […]

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