Darrois Villey Maillot Brochier advised Inmobiliaria Colonial on the contemplated acquisition of the 22% stake held by Qatar Holding LLC and DIC Holding LLC in Société Foncière Lyonnaise (“SFL”). The price of the stake would be paid in cash (approx. M€ 203) and in existing and new Colonial shares (approx. 56 million shares).
The transaction remains subject to Colonial shareholders’ general meeting authorizing the agreement and proposing a non-cash capital increase for the issue of Colonial shares representing approximately 10.5% of the capital of Colonial after the transaction.
Following this acquisition, Colonial would hold shares in SFL representing, approximately, 80.74% of its share capital.
The Darrois team included Bertrand Cardi, Christophe Vinsonneau (partners), and Cécile de Narp advising on corporate/M&A aspects and Vincent Agulhon (partner) and Brian Martin advising on tax aspects.
Colonial was also advised by Ramon y Cajal Abogados for the Spanish aspects.