Avis Europe plc (LSE: AVE) is a United Kingdom-based company which holds the licence to operate the two main vehicle rental brands of Avis Budget Group (Avis Rent a Car System and Budget Rent a Car) in Europe, the Middle East and Africa as well as Asia in the case of Avis.
Listed on the London Stock Exchange, the company is a constituent of the FTSE 250 Index.
The company was an operating division of Avis Rent a Car until 1986, when it was spun out and listed on the London Stock Exchange.
The firm was then acquired by a consortium of Avis Group, General Motors and D'Ieteren in 1989 before being listed on the LSE once more in 1997.
While Avis and GM have sold their stakes in Avis Europe, D'Ieteren continues to hold a controlling 59.6% stake in the firm.
In 2003, shortly after Budget was acquired by Avis's then-parent Cendant, Avis Europe also took over the rights to that brand in its operating regions (bar Asia).