Gide Loyrette Nouel and Darrois Villey Maillot Brochier advise Casino on their purchase of Galeries Lafayette¹s shares in Monoprix
30 Aug, 2013
Gide Loyrette Nouel and Darrois Villey Maillot Brochier have advised Casino on their purchase of a 50% stake in Monoprix from Galeries Lafayette, in accordance with a settlement agreement signed on 26 July 2012.
This transaction led to the implementation of a temporary holding arrangement by a subsidiary of Crédit Agricole Corporate and Investment Bank SA.
Further to the approval of the French Competition Authority on 11 July 2013, Casino finalised on 24 July 2013 the acquisition of the 50% stake in Monoprix held as part of this temporary holding arrangement.
The purchase price, amounting to EUR 1.175 billion, was paid off when the temporary holding arrangement was implemented on 5 April 2013.
Legal counsel to Casino:
– Gide Loyrette Nouel: partners Antoine Lelong (pictured) and Axelle Toulemonde, assisted by Ana de Matos-Canelas, on Mergers & Acquisitions / Corporate aspects; partner Yann Utzschneider, assisted by François Doridou and Mickaël Rivollier, on Competition law aspects; partner Arnaud Duhamel, assisted by Romain Querenet de Breville, on Financing aspects.
– Darrois Villey Maillot Brochier: partners Jean-Michel Darrois, Emmanuel Brochier and Olivier Huyghues Despointes, assisted by Adrien Oost, on Mergers & Acquisitions / Corporate aspects; partner Didier Théophile, assisted by Alexandre Rios and Guillaume Aubron, on Competition law aspects; partner Martin Lebeuf, on Financing aspects.
Casino was also advised by Jones Day (Alban Caillemer du Ferrage and Qian Hu) and, in Competition law, by Viguié Schmidt Peltier Juvigny (partner Olivier de Juvigny, assisted by Romain Travade).
Legal counsel to Galeries Lafayette:
– Ginestié Magellan Paley-Vincent: partners Philippe Ginestié, François Devedjian and Xavier Pernot, assisted by Pierre Mudet.
Legal advice to Crédit Agricole Corporate and Investment Bank SA:
– Latham & Watkins: partner Olivier du Mottay, assisted by Simon Servan-Schreiber, on Mergers & Acquisitions / Corporate aspects, and partner Frédéric Pradelles on Competition law aspects.
Photograph: © www.seignettelafontan.com.