Fri. Jul 1st, 2022

Brussels, 30 May 2022

The European Commission has approved under the EU Merger Regulation the acquisition of France-based Europcar Mobility Group (“Europcar”) by Germany-based Volkswagen Aktiengesellschaft (“Volkswagen”) and Trinity Investments Designated Activity Company (“Trinity”), based in Ireland.

Europcar is mainly active in the provision of short-term car rental services and other mobility services and in the sale of used vehicles to dealers.

Volkswagen is primarily engaged in the development, construction and distribution of new passenger cars, light commercial vehicles and heavy trucks, as well as the provision of car rental and other mobility services.

Trinity is a private investment firm established for the purpose of exploiting certain investment opportunities, particularly in growth stage companies.

The Commission concluded that the proposed merger would not raise competition concerns as the overlaps between the companies’ activities and the impact of the transaction on the market are limited. The transaction was examined under the normal merger control procedure. Further information is available on the Commission’s competition website, in the public case register under case number M.10565.