Global law firm White & Case LLP has advised the third largest DIY retailer in France, Mr Bricolage SA, on its potential acquisition by Kingfisher plc, the British parent company of fellow French DIY retailers Castorama and Brico Dépôt as well as B&Q in the UK.
Kingfisher's acquisition of 41.9 percent of the share capital of Mr Bricolage from ANPF and 26.2 percent from the Tabur Family, at an agreed price per share of €15, was the subject of a non-binding memorandum of understanding entered into on April 2, 2014. Depending on a binding agreement, the transaction would be conditional upon antitrust clearance. It is likely that the sale process will take until the end of 2014 or the beginning of 2015.
The White & Case team in Paris was led by partners Hugues Mathez and Franck De Vita with support from associate Noémie Baroux on corporate issues. Partner Alexandre Jaurett advised on labor and employment aspects, counsel Juliette Goyer, assisted by associate Jean-Julien Lemonnier, acted on competition law issues and counsel Emmanuelle Pontnau-Faure advised on tax issues.
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