Gide, counsel to Casino Group on the sale of 26 hypermarket and supermarket properties worth EUR 501 million
22 January 2019
Deals | France | Real Estate Transactions & Financing
The Casino Group has announced the signing of an agreement with funds managed by Fortress Investment Group with a view to the sale of 26 hypermarket and supermarket properties worth EUR 501 million. Under the agreement, the Casino Group will sell a portfolio of 13 Géant Casino hypermarkets, 3 Casino hypermarkets and 10 Casino supermarkets properties in the first half of 2019 to an entity in which the Casino Group will receive an interest, enabling it to benefit from the value created by the transaction.
Gide's team advising the Casino Group on this new transaction is headed by partner Stanislas Dwernicki, with associates Romain d'Innocente, Louis Delestrée, Rémi Avon, and Lucas Gintz on corporate and real estate aspects, and partner Bertrand Jouanneau and counsel Alexandre Bochu on tax aspects.