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)