Gide, counsel to Casino Group on the sale of 31 hypermarket and supermarket properties valued at 465 million euros
18 October 2019
Deals | France | Real Estate Transactions & Financing
Casino Group has announced that it has finalised the sale of 12 Géant Casino hypermarkets and 19 Monoprix and Casino Supermarchés supermarket stores, valued at 465 million euros, following the signature in April 2019 of an agreement with companies affiliated to Apollo Global Management LLC.
Casino Group remains involved in the creation of value through this transaction as it retains an interest in the company formed by the funds managed by Apollo Global Management.
Gide advised Casino Group on all aspects of this operation with a multi-disciplinary team headed by partner Stanislas Dwernicki, working with counsel Romain d'Innocente and associates Rémi Avon, Capucine Pelissié and Louis-Henri Lentz on corporate and real estate aspects; partner Bertrand Jouanneau, counsel Alexandre Bochu and associate Alan Sournac on tax aspects; and partner Kamel Ben Salah and associate Maouel Annabi on financing aspects.
Groupe Casino was also advised by Arendt & Medernach, Wargny Katz an Lexfair.
Apollo Global Management LLC was advised by De Pardieu Brocas Maffei, Arendt & Medernach, Allen & Overy, and C&C Notaires.