White & Case advises Mutares on acquisition of Free2Move car sharing business from Stellantis

Global law firm White & Case LLP has advised Mutares SE & Co. KGaA (Mutares) on the agreement to acquire Stellantis' entire shareholding in Free2move's car sharing business.

Free2move provides short- and long-term free-floating car sharing services, bookable 24/7 through a proprietary mobile application. It operates one of the most geographically diversified car sharing platforms, with fleets across 14 cities in Europe and the US.

The transaction establishes a new platform for Mutares in the mobility sector. Mutares' plans include the revamped management of Free2move's international fleet, the continued transition to electric vehicles and renewed focus on customer experience and the urban mobility needs of towns and cities. As an independent entity under Mutares, Free2move's car sharing business is expected to benefit from enhanced agility, dedicated investment and increased operational flexibility, supporting its growth in a competitive mobility market.

Completion of the transaction is expected by the end of 2026 and remains subject to applicable information and consultation processes with employee representative bodies, regulatory approvals and other customary closing conditions.

The White & Case team that advised on the transaction was led by partners Leonardo Graffi (Milan & London) and Alexis Hojabr (Paris) and included partner Valérie Ménard (Paris) and associates Daniele Pojani, Valerio Bianchi (both Milan), Stanislas Marmion, Adrien Ahmadi Kermanshahani and Ismael Najar (all Paris) and lawyer Laura Bozzini (Milan).

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