Search
Contact
10.02.2023 | Deal Notifications

KPMG Law advises Mosolf on the sale of its minority stake in Cenntro Automotive Europe to Cenntro Electric Group

Nuremberg, February 10, 2023

After KPMG Law Rechtsanwaltsgesellschaft mbH (KPMG Law) had already provided legal advice to Mosolf SE & Co. KG (Mosolf) in the spring of 2022 on the sale of a majority stake in Cenntro Automotive Europe GmbH (at that time still Tropos Motors Europe GmbH) to Cenntro Electric Group, Inc. (Cenntro), KPMG Law was now also called in as legal advisor in connection with the sale of the shareholding initially remaining with Mosolf.

Founded in 1955 and headquartered in Kirchheim unter Teck, Mosolf is a technology service provider and logistics service provider for the international automotive industry, manufacturers of agricultural and construction machinery, the car rental and leasing business and the automotive trade.

Cenntro is part of the Cenntro Electric Group, an electric vehicle technology company focused on scalable, decentralized production and digitalized solutions for autonomous driving. The company has produced and delivered more than 3,600 commercial electric vehicles in more than 26 countries.

Cenntro had acquired 65 percent of the shares in Cenntro Automotive Europe GmbH by way of a share deal in spring 2022. Cenntro has now also acquired the remaining 35 percent. KPMG Law, together with the law firm Wackenhuth & Unterriker, provided comprehensive legal advice on the drafting and negotiation of the contractual framework underlying the transaction.

Mosolf consultants:

KPMG Law Rechtsanwaltsgesellschaft mbH: Dr. Christian Hensel (Partner, Lead), Cilem Aksu-Aflatoon (Senior Manager), both Corporate/M&A, Stuttgart/Nuremberg,
Dr. Gerrit Rixen
(Partner),
Dr. Hannes Schwinn
(Senior Manager), both Antitrust, Stuttgart/Cologne

Attorneys Wackenhuth & Unterriker: Stefan Unterriker (Partner)

Explore #more

17.05.2024 | KPMG Law Insights

Podcast series “KPMG Law on air”: When the family business is to be sold

Around 38,000 family businesses are currently handed over each year. In most cases, the change of ownership takes place within the family. But more and…

03.05.2024 | KPMG Law Insights

Doubts about inability to work? What employers can do

The certificate of incapacity for work (AU certificate) serves as proof of incapacity for work due to illness. However, only if the certificate meets certain…

29.04.2024 | KPMG Law Insights

Agreement on ecodesign regulation: products to become more sustainable

After lengthy negotiations, the Council and Parliament of the European Union reached a provisional agreement on the Ecodesign Regulation on the night of December 5,…

27.03.2024 | KPMG Law Insights

EU Buildings Directive: life cycle greenhouse potential becomes relevant

On March 12, 2024, the EU Parliament approved the amendment to the EU Buildings Directive. The directive obliges member states and, indirectly, building owners and…

19.03.2024 | Business Performance & Resilience, KPMG Law Insights

CSDDD: Provisional agreement on the EU Supply Chain Directive

The EU member states agreed on the CSDDD, the EU Supply Chain Directive, on March 15, 2024. Germany abstained from the vote. Negotiators from the…

19.03.2024 | KPMG Law Insights

The AI Act is coming: EU wants to get a grip on AI risks

For many people, artificial intelligence (AI) is the great hope for business, healthcare and science. But there are also plenty of critics who fear the…

21.02.2024 | KPMG Law Insights, KPMG Law Insights

The Digital Services Act – what does it mean for companies?

The Digital Services Act (DSA) is a key component of the EU’s digital strategy and came into force on November 16, 2022. As a regulation,…

15.02.2024 | KPMG Law Insights

Data compliance management: How to implement it in practice

Part 3 of the article series “Professional tips for data compliance management”   The third part of this series of articles deals with data compliance

14.02.2024 | Business Performance & Resilience, PR Publications

Guest article in ZURe: Monitoring the implementation of the LkSG

The current issue of ZURe (p. 20 ff.) contains a guest article by KPMG Law Partner Thomas Uhlig (Head of General Business and Commercial Law),…

09.02.2024 | KPMG Law Insights

Podcast series “KPMG Law on air”: The employment law function

In almost all German companies, the employment law function is located in the HR department and not in the legal department. One of the reasons…

© 2024 KPMG Law Rechtsanwaltsgesellschaft mbH, associated with KPMG AG Wirtschaftsprüfungsgesellschaft, a public limited company under German law and a member of the global KPMG organisation of independent member firms affiliated with KPMG International Limited, a Private English Company Limited by Guarantee. All rights reserved. For more details on the structure of KPMG’s global organisation, please visit https://home.kpmg/governance.

 KPMG International does not provide services to clients. No member firm is authorised to bind or contract KPMG International or any other member firm to any third party, just as KPMG International is not authorised to bind or contract any other member firm.

Scroll