Gide, counsel to Agence des Participations de l'Etat on the sale of SFIL to Caisse des Dépôts et Consignations
5 March 2020
Deals | France | M&A | Public Law
Gide has advised Agence des Participations de l'Etat (the French state investments agency) on the sale of its 75% stake in the share capital of SFIL (formerly Dexia), a public development bank, to Caisse des Dépôts et Consignations.
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 the state was headed by partner Guillaume Rougier-Brierre working with associate Arthur Lemaitre 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.