White & Case Advises Dassault Belgique Aviation on Sale of Belgian Subsidiary SABCA
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Global law firm White & Case LLP has advised Dassault Belgique Aviation SA (DBA), a wholly-owned subsidiary of the French aerospace Groupe Industriel Marcel Dassault, on the sale of its entire 96.85 percent shareholding in Société Anonyme Belge de Constructions Aéronautiques (SABCA) to a new joint venture company to be established by Sabena Aerospace SA and SA/NV SFPI/FPIM.
SABCA is a leading multi-technology aerospace supplier, based in Belgium and listed on Euronext Brussels.
The Transaction is subject to merger control approval and is currently anticipated to close at the end of SABCA's second quarter in 2020. It will be followed by a mandatory public takeover bid by the new joint venture company for the remaining shares in SABCA. A squeeze-out will then be launched to delist SABCA from Euronext Brussels.
The White & Case team in Brussels which advised on the transaction, was led by partner Muriel Alhadeff, with partner Thierry Bosly, local partner Alexandra Rogers, counsel Thomas Glauden and associate Zoe Hannecart.
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