A multidisciplinary Linklaters team led by partners Anne Wachsmann and Pierre Tourres advised Groupement Les Mousquetaires, one of the most important French retail groups, on the proposed acquisition of a group of sale points from the Casino group in France with a total turnover of €1.6 billion.
Following exclusive discussions, Groupement Les Mousquetaires and Groupe Casino have signed a memorandum of understanding covering the sale, spread over time, to Groupement Les Mousquetaires of a group of sale points in France (hypermarkets, supermarkets and convenience stores) with a total turnover of €1.6 billion.
Groupement Les Mousquetaires will also take a minority stake in the Casino group’s future financing round, with an equity investment of €100m. There are also plans to extend the existing industrial and purchasing partnerships between Groupement Les Mousquetaires and the Casino group.
The Linklaters team in Paris is composed of Antitrust and Foreign Investment partner Anne Wachsmann, counsel Nicolas Zacharie, associates Daniel Green and Charles Petit, Corporate/M&A partner Pierre Tourres, counsel Thomas Pontacq, associates Espérance Ait Bachir and Diana Dancea, Restructuring and Insolvency partner Aymar de Mauléon and associate Paul-Antoine Corot, Real Estate partner Françoise Maigrot and managing associate Saadoun Alioua, as well as Intellectual Property counsel Jean-François Merdrignac.
