Gide, counsel to Agence des Participations de l'Etat on completing the sale of SFIL to Caisse des Dépôts et Consignations
7 October 2020
Deals | France | M&A | Public & Administrative Law
Gide has advised Agence des Participations de l'Etat (French national agency for state holdings) on completing the sale of its 75% stake in the share capital of public development bank SFIL (formerly Dexia) to Caisse des Dépôts et Consignations (French deposits and consignments fund).
The sale of SFIL to Caisse des Dépôts aims to continue rationalising the organisation of public financial institutions around Caisse des Dépôts, by associating it with a public development bank, seventh French bank in terms of balance sheet size, and leading secured bonds issuer in the public sector in Europe
The Gide team that advised Agence des Participations de l'Etat was headed by partner Guillaume Rougier-Brierre working with associate Philippe Chareyre on Mergers & Acquisitions / Corporate aspects, and partner Thomas Courtel working with associate Cyrille Rollin on aspects of public law.
Allen & Overy advised Caisse des Dépôts et Consignations. BDGS advised La Banque Postale.