Volkswagen is satisfied with the bids it has received for its car rental company Europcar, but it may still consider a public listing for the company, according to Reuters.

Europcar is Europe's largest car high company and is thought to be worth around EUR3 billion, according to a Reuters source.

The Reuters report suggests that there are at least four bids for the company, including an alliance grouping German car rental company Sixt, and private equity group Apax, another bid from JP Morgan, another from investment company Cerberus, and one from insurance company Allianz.

Bern Lubig, head of the Europcar works council, said that he had received assurances that Volkswagen would not allow the company to be broken up. In the past Volkswagen has said it has several options for Europcar including a strategic expansion, a sale or a public listing.