Hertz Shares Jump 13.2% After Unit Secures $80 Million Investment
Hertz subsidiary Oro Mobility secured an $80 million strategic equity investment to establish the unit as a standalone growth platform. Hertz shares rose 13.2% in premarket trading.
Shares of Hertz, a global car rental company, rose 13.2% in premarket trading after subsidiary Oro Mobility secured an $80 million strategic equity investment. The investment is intended to establish Oro Mobility as a standalone growth platform. Hertz disclosed the investment in a press release, saying the consortium…