A team of Horten lawyers headed by Michael Goeskjær and Jim Øksnebjerg has assisted the Karsten Ree Group with a sale of the car rental company Østergaard Biler to Europcar. Participations, a subsidiary of Europcar International, which is listed in France.
Østergaard Biler has a market share of approx. 30 percent and is thereby the largest player on the car rental market in Denmark. Østergaard Biler has approx. 40 offices in Denmark and a vehicle fleet of more than 6,000 passenger cars, commercial vans and special purpose vehicles.
The transaction included shares in Østergaard Biler A/S and the finance company Nordcar Finance A/S. Christian Ree will continue as CEO of Østergaard Biler.