Our M&A and Competition law teams successfully advised an English agro-foods business on the negotiation and sale of its businesses in France and Spain to a competitor.
As the number of stakeholders on the relevant market was quite low, this made it necessary to seek the prior authorization of the Competition Authorities.
The seller was assisted in this procedure both by our Competition team, namely for the negotiation and supervision of the procedure before the Competition Authorities and by our M&A team, for all issues relating to due diligence, restructuring of the business within the various subsidiaries, negotiation of the conditions of sale of the businesses and special guarantees granted to the purchaser.
The professionalism and responsiveness of either team helped to clinch an international deal worth €33 000 000.