Germany's Sixt SE Signs First Global Partnership With Expedia; Shares Up

(RTTNews) - Shares of Sixt SE are currently trading around 3 percent higher on Frankfurt's Xetra after the German mobility service provider signed its first global partnership with U.S.-based travel company Expedia, Inc. (EXPE).

In a statement, Expedia noted that Sixt plans to extend its presence in the United States, the world's largest car rental market, by opening both owned and franchised locations across the country. The multi-year, global agreement with Sixt establishes Expedia as a key partner in Sixt's expansion plans.

The deal provides Expedia, Hotwire and CarRentals.com customers direct access to Sixt's premium rental fleet at more than 2,000 locations across more than 100 countries.

Erich Sixt, Chief Executive Officer, Sixt SE said, "With Expedia, Inc., we are very pleased to have found a partner who corresponds perfectly to our ambitious growth plans, particularly in the United States. The cooperation with one of the world's most important travel companies enables us to better address a wide range of travelers worldwide. "

In Germany, Sixt shares are currently trading at 31.60 euros, up 0.83 euros or 2.70 percent.

Expedia shares settled at $75.98 on Wednesday, up $0.89 or 1.19 percent.