Linklaters Reps Hertz In Chinese Car Rental Stake Buy

Law360, New York (April 16, 2013, 1:02 PM EDT) -- Private equity-backed Hertz Corp. will scoop up a 20 percent stake in China Auto Rental, a move that gives the New Jersey rental car mainstay a toehold in a fast-growing market, the company said Tuesday.

The pair did not disclose financial terms of the deal, which calls for CAR's 700 locations around China to be co-branded with the Hertz name. Hertz, the second-largest auto rental shop in the U.S., will also grab a seat on CAR's board and roll its existing China operations into CAR's network....
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