Daimler acquires Europcar’s 25% stake in car2go Europe

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M&A

German automaker aims to complete acquisition before the end of second quarter this year

Daimler Mobility Services, the mobility business unit of Germany-based automaker Daimler, has acquired Europcar Group’s 25% stake in car-sharing company, car2go Europe GmbH, for EUR70 million (USD85.5 million), according to a press release by Daimler today (1 March).

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