Shell acquires 15% stake in Toll4Europe
EuroShell Cards BV, part of the Shell Group, has acquired 15% of electronic european toll service provider Toll4Europe.
The acquisition will provide euroShell card customers with a technology to enable digital toll payments and mobility services across all EU countries
The deal will mean open up digital toll payments and mobility services across all EU countries for euroShell card customers.
The move will mean that Daimler AG, DKV Euro Service GmbH + Co KG and euroShell will each hold 15% of the shares of the company while T-Systems, a subsidiary of Deutsche Telekom AG, will continue to lead the venture and hold 55% of the shares.
The acquisition is subject to competition clearance.
Natalie Middleton
Natalie has worked as a fleet journalist for nearly 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news - or gossip.
