Knighthead, Certares seen as winners of Hertz bankruptcy auction

(Reuters) Investment firms Knighthead Capital and Certares Management appear to have won an auction to fund U.S. car rental firm Hertz Global’s exit from bankruptcy, according to a Bloomberg News reporter’s tweet on Wednesday. The firms along with private equity company Apollo Global Management have been in a bidding war with Centerbridge Partners, Warburg Pincus and Dundon Capital Partners, to provide equity capital for Hertz’s exit from bankruptcy exit.

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