Latham and Jones Day check out on French supermarket deal
Gide Loyrette Nouel and Latham & Watkins are among a line-up of firms to have advised on a deal that has seen French retail giant Casino take control of rival supermarket chain Monoprix. Last July, Casino and French department store Galeries Lafayette ended a dispute over their joint ownership of Monoprix, which saw Lafayette agree to give up its 50% stake to Casino for €1.175bn (£1bn).
September 05, 2013 at 07:03 PM
2 minute read
Gide Loyrette Nouel and Latham & Watkins are among a line-up of firms to have advised on a deal that has seen French retail giant Casino take control of rival supermarket chain Monoprix.
Last July, Casino and French department store Galeries Lafayette ended a dispute over their joint ownership of Monoprix, which saw Lafayette agree to give up its 50% stake to Casino for €1.175bn (£1bn).
The deal has now been cleared by the French Competition Authority, allowing Casino to acquire the remaining 50% stake on the condition it sells 58 stores.
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