Darrois Villey Maillot Brochier advises Kering regarding its project to distribute in kind Puma shares to its shareholders

Darrois Villey Maillot Brochier advises Kering in the context of the proposed distribution of around 70% of Puma to its shareholders, out of the 86.3% currently owned by Kering.Post transaction, Kering would retain approximately 16% of Puma. The transaction will be submitted to the vote of Kering shareholders at the Annual General Meeting on 26 April 2018.

The DVMB team includes Jean-Michel Darrois, Bertrand Cardi, Ben Burman and Christophe Vinsonneau (partners), Leila Dhouib and Paul Bertrand (associates) on M&A aspects, Vincent Agulhon, Loic Védie (partners) and Zoé Attali (associate) on tax aspects and Didier Théophile (partner) on antitrust aspects.

Kering is also advised by Noerr on German law aspects, Ogletree Deakins on labor and employment law aspects and Wachtell Lipton on US law aspects.

Puma is advised by Freshfields Bruckhaus Deringer.