Continental Aktiengesellschaft (DB:CON) signed a definitive agreement to acquire 5.9% stake in HERE Global B.V. from Daimler AG (XTRA:DAI), Bayerische Motoren Werke Aktiengesellschaft (DB:BMW) and AUDI AG (DB:NSU) on December 28, 2017. In addition to the investment, Continental will sign a collaboration agreement with HERE. The transaction is subject to merger control approval and the approval of relevant authorities.

The deal is expected to be concluded by the end of the first quarter of 2018. As of February 14, 2018, completion of the transaction is expected to occur in the first quarter of 2018. Marius Berenbrok, Tobias Klose, Alexander Doorman, Moritz von Hesberg, Lutz Drallé, Aljosha Barath, Nikoloz Alikhanashvili, Alexander Klausmann, Arne Krawinkel, Thijs van Gammeren, Rosemarieke Uitdewilligen, Christian Klöpper, Sonja Bocek, Catharina Minners, Lilly Fiedler, Dominic Divivier, Benjamin Köpple, Maartje van der Molen, Simge Soto Carril of Freshfields Bruckhaus Deringer acted as legal advisors for Continental.

Nicole Englisch, Joachim Schütze, Nico Basener Florian Wiesener, Leen Kranenburg, Mark-Jan Arendts, Katja Busuladzic and Jeroen Thijssen of Clifford Chance, Volker Geyrhalter, Cornelius Naumann and Florian Bortfeldt of Hogan Lovells acted as legal advisors for Daimler AG, Bayerische Motoren Werke Aktiengesellschaft and AUDI AG.