Binder Grösswang | View firm profile
In the course of an asset deal, the German Nissan Center Europe has sold its dealer and sales network in Austria, which is operated by its Austrian branch, to the Spanish mobility provider ASTARA MOBILITY (formerly Bergé Auto). ASTARA MOBILITY will, thus, take over all sales and service activities for Nissan in Austria. After signing the contract documentation in mid-December 2021, closing is expected to occur by the end of February 2022, once all conditions precedent have been fulfilled.
The Austrian transaction follows the recent previous sale of Nissan Center Europe’s dealer and distribution network in Switzerland to BERSAN Automotive Switzerland. Nissan’s aim of transferring its activities in Austria and Switzerland is to streamline Nissan Center Europe’s sales and service structures and, subsequently, further improve the performance of its business in Germany.
The lead team of Binder Grösswang included Partners Philipp Kapl (Corporate/M&A) and Ingeborg Edel (Commercial & Dispute Resolution) as well as Associate Alexander Scharkosi (Corporate/M&A). Further involved were Horst Lukanec and Manuel Müllner (both Employment), Christine Dietz and Isabelle Innerhofer (both Competition) as well as Christian Wimpissinger and Lukas Pechtl (both Tax). ASTARA MOBILITY was advised by Cerha Hempel in Austria.