Led by Munich partner Nikolas Zirngibl, international law firm Hogan Lovells has advised YourNow Holding, the joint mobility venture of BMW Group and Mercedes-Benz Mobility, on the sale of its car sharing subsidiary “Share Now” to French-Italian car group Stellantis. The transaction is subject to approval by relevant antitrust authorities.
BMW and Mercedes-Benz had merged their two car-sharing services “Car2Go” and “DriveNow” in 2019 to form “Share Now” and expanded it to become the market leader in Europe.
Hogan Lovells previously advised Mercedes-Benz Group AG (formerly Daimler AG) on the formation of the joint venture in 2019 and now provided advice to the in-house teams of the two automotive groups on all legal aspects of the transaction during the sale of the car-sharing subsidiary.
Hogan Lovells Team for BMW and Mercedes-Benz
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