Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
10 January 2019
Gide has advised Casino Group on the final disposal of a portfolio of 67 Monoprix real estate assets, for an overall amount of 742 million euros.
Following the synallagmatic agreements signed on 28 September and 17 October 2018, Casino Group has just announced it has finalised, with groups Generali and AG2R La Mondiale, the disposal operations on respectively 53 and 14 Monoprix real estate assets. After deducting registration fees, the net worth of these transactions is 742 million euros, for an annual rent payable by Casino of 35.4 million euros.
With a total amount of €1.1 billion assets disposed of at end-2018 following these transactions, the Casino Group exceeds the initial disposal target set on 11 June 2018. The Group confirms all its 2018 objectives.
Gide's team advising the Casino Group on these transactions is headed by partner Stanislas Dwernicki, with associates Romain d'Innocente, Louis Delestrée, Rémi Avon, Vincent Bour and Lucas Gintz on corporate and real estate aspects, partner Guillaume Navarro on employment law aspects, and partner Emmanuel Reille on competition law aspects
