ALTANA conseille le groupe allemand ALDI
24/03/2020 - Events
ALTANA advises the German retail leader ALDI in the purchase from CASINO of 570 LEADER PRICE stores and warehouses in France for €735 million
After several months of negotiation, an agreement was reached between ALDI and CASINO for the acquisition by ALDI of 567 LEADER PRICE supermarkets and three warehouses located in mainland France for an enterprise value of 735 million euros.
In the midst of the Covid-19 health crisis, this agreement is good news for the retail sector, which is on the front line in ensuring food supply to the population.
This transaction, which will take place after various social consultations and is subject to the approval of the competition authorities, will enable ALDI to become a major player in discount retail on the French market, as it already is in Germany.
Through this major transaction in the mass retail sector, ALTANA is once again demonstrating its know-how to lead and coordinate the negotiation and the legal aspects of its clients’ strategic operations.
In order to successfully complete the first phase of this highly complex operation in the context of a particularly high-impact health crisis, ALTANA was able to rely on the professionalism and unfailing commitment of all the lawyers in the multidisciplinary team specially formed for this transaction.
Advisors involved in this transaction:
ALDI is advised by ALTANA, with Jean-Nicolas Soret, Julie Rolet and Olivier Carmès for the corporate aspects, by Jean-Philippe Thibault, Benoît Van Besien and Marjorie Dudon for the competition law aspects, by Louis des Cars, Cécile Panien and Manon Lefebvre for the public law and urban planning aspects, by Jean-Guy de Ruffray and Charlotte Hébert-Salomon for the IP/IT aspects and by Laetitia Daage for the compliance aspects; by ARSENE, with Olivier Vergniolle, Marion Dervieux, Amel Chekhab, Guillaume Barasc and Tolga Bozkurt, in tax law; by CAPSTAN, with Anne Murgier, Arnaud Teissier, Fadi Sfeir and Julie Foureys in employment law; by FAIRWAY with Aubry d’Argenlieu and Pauline Bohr and by GRAF NOTAIRES for the real estate law aspects. DEUTSCHE BANK acted as investment banker, while KPMG intervened on the transaction services and integration aspects.
CASINO is advised by PELTIER JUVIGNY MARPEAU & ASSOCIES, with Benoit Marpeau, Guillaume Fornier, Etienne Letang and Anissa Ouadah for the corporate aspects, Thibault Reymond Clémence d’Almeida in competition law and Aurélie Fournier and François Troadec in employment law. CASINO Group is also advised by ARSENE with Stéphanie Hamis, Charles Ghuysen, Vincent Desoubries and Ludovic Genet in tax law, and by GIDE with Aurélien Boulanger and Alexis Tresca for employment law aspects. LPA-CGR provided assistance on vendor due diligence and MONASSIER & ASSOCIES in real estate. BNP PARIBAS intervened as investment bank, while MAZARS intervened on the transaction services aspects.