Advertising and Marketing Opportunities with Odyssey Media Group

Car/Limo Rentals

 January 12, 2001
Budget To Sell UK Corporate Operations In Manchester And Birmingham

 Budget Group, Inc. today announced that it has signed a letter of intent to sell its corporate operations in Manchester and Birmingham, England to Jaeban U.K., Ltd., a current Budget franchisee. The sale of the operations, which collectively operate over 1,000 vehicles, represents a significant step in the Company's strategy to reduce its exposure in Europe by franchising corporate operations there. The Company anticipates the closing of the agreement within the first quarter.

Budget Group, Inc. owns Budget Rent a Car Corporation and Ryder TRS. Budget is the world's third largest car and truck rental system and Ryder TRS is the nation's second largest consumer truck rental company.