Gide has advised CNP on reorganising the capital of Holding d’Infrastructures de Transports (HIT), an investment vehicle controlling 100% of French motorway company Sanef that operates over 2,000 km of motorways in Normandy and the north and east of France.
In a series of operations worth two billion euros overall, Spanish group Abertis has bought up all shares of minority stakeholders, first from Caisse des Dépôts et Consignations, then Axa République, and lastly Prédica, FFP and CNP.
These successive operations, which bring the value of HIT/Sanef to approximately 4.6 billion euros, enable Abertis to control 100% of the capital.
Gide’s team comprised partner Guillaume Rougier-Brierre and associate Hugo Nocerino.
Abertis was advised by Darrois Villey Maillot Brochier. Caisse des Dépôts et Consignations, Predica, Axa République, FFP, the other minority stakeholders in HIT, were advised respectively by Clifford Chance, BDGS Associés, Orrick Rambaud Martel and Bompoint.