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Europcar Sells Its 25% Stake in Car2go Europe for (EURO)70M

Mar 01, 2018 - Business Wire

Regulatory News:

Europcar Group (Paris:EUCAR) signed today an agreement with Daimler Mobility Services on the sale of its 25% stake in car2go Europe GmbH.The completion of the transaction requires the approval of the competent antitrust authorities.

The parties expect to receive these approvals and close the transaction before the end of the second quarter of 2018.

car2go Europe GmbH was founded in 2012 and operates today in 14 cities across Europe.

Caroline Parot, Europc...