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Europcar Mobility Group SA (EUCAR.PA)

EUCAR.PA on Paris Stock Exchange

8.76EUR
16 Jul 2018
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Thu, Mar 1 2018

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En route to alliance, Daimler buys Europcar out of car-sharing venture

FRANKFURT German carmaker Daimler will buy Europcar's 25 percent stake in car-sharing service Car2Go for 70 million euros ($85 million), the two companies said on Thursday, paving the way for Mercedes and BMW to develop driverless taxis.

UPDATE 2-En route to alliance, Daimler buys Europcar out of car-sharing venture

* Daimler says mobility services ops poised to expand (Adds analyst comment, context)

Daimler buys Europcar out of car-sharing venture

FRANKFURT, March 1 German carmaker Daimler has agreed to buy Europcar's 25 percent stake in car-sharing service Car2Go for 70 million euros ($85 million), the two companies said on Thursday, paving the way for a car-sharing alliance with BMW.

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