Dan Rent-a-Car raises NIS 246m.

Dan Rent-a-Car Ltd., the Israeli licensee of Avis Europe, has raised NIS 246 million in two fundraising rounds, the company said Monday.

By AVI KRAWITZ
May 30, 2006 09:11

Dan Rent-a-Car Ltd., the Israeli licensee of Avis Europe, has raised NIS 246 million in two fundraising rounds, the company said Monday. Dan raised NIS 6m. from the public this week, having completed a NIS 240m. round from Institutional investors two weeks ago. Dan Rent-a-Car chief executive Dror Shilo said the funding would be used to expand the company's operations and renew its fleet of cars.


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