Darrois Villey Maillot Brochier advised the Banque des Territoires (Caisse des dépôts et consignations) on the execution of an agreement by which the Banque des Territoires and Groupama will become shareholders of Predica Energies Durables (PED), subsidiary of Crédit Agricole Assurances, with a respective stake of 22% and 18% of the share capital of PED (Crédit Agricole Assurances remaining the majority shareholder of PED with 60% of the share capital).
PED’s purpose is to invest in renewable power generating assets alongside Engie, leader in the production of solar and wind energies in France.
The Darrois Villey Maillot Brochier team was led by Bertrand Cardi and Olivier Huyghues Despointes (partners) assisted by Frédéric Chevalier and Maxime Wach (associates), advising on M&A, as well as Didier Théophile (partner), Elsa Thauvin and Aya Bachiri (associates) on antitrust aspects, Vincent Agulhon (partner) on tax law aspects, and Henri Savoie (partner) and Patrick Mèle (counsel) on regulatory issues. The legal due diligence was conducted by Herbert Smith Freehills.
Crédit Agricole Assurances was advised by Clifford Chance Europe on M&A and BDGS Associés on antitrust aspects.
Groupama was advised by Bredin Prat.