Clifford Chance has advised Europcar, the European leader in vehicle rental services and a major player in mobility markets, on the sale of its 25% stake in car2go Europe to joint venture partner Daimler Mobility Services.

The sale of this 25% stake in car2go Europe will contribute to the funding of the contemplated expansion of the Europcar group in the New Mobility segments such as car sharing, ride hailing, multi-modal platforms and car pooling.

The Clifford Chance team was led by corporate partner Fabrice Cohen and counsel Alexandre Merle, in Paris. They were supported by corporate partner Jörg Rhiel and associate Moritz Petersen, in Frankfurt. Antitrust advice was provided by partner David Tayar, in Paris and partner Marc Besen and counsel Dimitri Slobodenjuk, in Dusseldorf.