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Daimler: to own 100% of carsharing service car2go

(CercleFinance.com) - Daimler will increase its stake in car2go Europe by a further 25%, buying the shares from joint venture partner Europcar, meaning that the German automobile group will now own 100% of the carsharing company.

In 2012, car2go was created as a joint-venture, 75%-owned by Daimler and 25%-owned by Europcar.

The service now has over 3 million users in Europe, North America and China.

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