Robert Bosch GmbH cancelled the acquisition of 5% stake in HERE Global B.V. from AUDI AG (DB:NSU), Bayerische Motoren Werke Aktiengesellschaft (DB:BMW) and Daimler AG.
January 03, 2019
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Robert Bosch GmbH agreed to acquire 5% stake in HERE Global B.V. from AUDI AG (DB:NSU), Bayerische Motoren Werke Aktiengesellschaft (DB:BMW) and Daimler AG (XTRA:DAI) on January 4, 2018. The acquisition is still subject to approval by the antitrust authorities. It is expected to be concluded by the end of the first quarter of 2018. Hengeler Mueller, Thomas Meurer, Martin Ulbrich, Bernd Wirbel, Alf-Henrik Bischke, Vera Jungkind, Christian Hoefs, Matthias Scheifele, Patrick H.Wilkening, Andrea Schlaffge, Florian Hassner, Benedikt Statz, Jesco Lindner, Tobias Schneiders,Tobias Bieber, Deniz Tschammler, Maximilian Tim Wosgien and Vicki Treibmann of Hengeler Mueller Partnerschaft von Rechtsanwälten mbB and De Brauw Blackstone Westbroek N.V. acted as the legal advisors to Robert Bosch GmbH. Dorsey & Whitney has advised on US aspects of the transaction. Dorsey & Whitney LLP acted as legal advisor to Robert Bosch GmbH. Volker Geryhalter, Cornelius Naumann and Florian Bortfeldt of Hogan Lovells International LLP acted as acted as legal advisors to AUDI AG (DB:NSU), Daimler AG (XTRA:DAI) and Bayerische Motoren Werke Aktiengesellschaft (DB:BMW).
Robert Bosch GmbH cancelled the acquisition of 5% stake in HERE Global B.V. from AUDI AG (DB:NSU), Bayerische Motoren Werke Aktiengesellschaft (DB:BMW) and Daimler AG (XTRA:DAI) on January 4, 2019.
Bayerische Motoren Werke AG (BMW AG) specializes in the design, construction and marketing of luxury cars. Net sales break down by activity as follows:
- vehicle sales (77%): 2,554,183 units sold in 2023, under the following brands: BMW (2,252,793), MINI (295,358) and Rolls-Royce (6,032);
- sale financing services (23.6%);
- motorcycle sales (1.9%): motorcycles with 650-1200 cm3 displacement (209,066 units sold under the BMW brand).
At the end of 2023, the group had 31 production sites worldwide.
Net sales are distributed geographically as follows: Germany (15%), Europe (29.2%), China (16.1%), Asia (10.7%), the United States (21.8%), Americas (4%) and other (3.2%).