Clifford Chance has advised Europcar, the European leader in vehicle rental services and a major player in mobility markets, on the signature of an agreement with Investindustrial to acquire Goldcar, Europe’s largest low cost car rental company.

The acquisition is subject to customary conditions precedent, including its approval by antitrust authorities, and is expected to close in the second half of the year 2017.

With this strategic acquisition, the Europcar Group will increase its exposure to three major growth engines - the Mediterranean region, the leisure segment and the low cost segment – and will become a major player in the fast growing European low cost segment.

Clifford Chance advised Europcar on corporate aspects with Fabrice Cohen, partner, Alexandre Merle, counsel, and Clément Delaruelle, associate, on antitrust aspects with Katrin Schallenberg, partner, and Fernando Las Navas, associate, and on tax aspects with Alexandre Lagarrigue, partner, and Jitka Susankova, counsel.