The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised Sixt SE on the sale of its shares in the carsharing joint venture DriveNow to BMW AG. The BMW Group and Daimler AG are joining their carsharing activities and have agreed to merge their mobility services business units.

A Milbank team led by Norbert Rieger comprehensively advised Sixt SE on corporate, competition and tax law in relation to the transaction.

Advisor to Sixt SE: Milbank, Tweed, Hadley & McCloy LLP

Norbert Rieger (lead, Corporate/M&A, Munich), Alexander Rinne (Competition, Munich), Matthias Schell (Tax, Munich), Martin Erhardt, Christoph Rothenfusser, Michael Pujol (all Munich), Andrea Eggenstein, (Frankfurt, all Corporate/M&A), Vanessa van Weelden (Competition, Munich), Malte Krohn, Sebastian Reiner-Pechtl (both Corporate/M&A, Munich), Chiara Balbinot (Tax, Munich)