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.
17 April 2020
Deals | China | France | Tax
Gide has advised JCDecaux on the tax aspects of the acquisition of a minority stake, through its wholly owned subsidiary JCDecaux Innovate, in a consortium of investors which formed a special purpose vehicle to make a voluntary conditional cash offer to acquire all of the shares in the entire issued share capital of Clear Media Limited, a company listed on the Hong Kong Stock Exchange.
The offer price of HK$7.12 per share represents a total value of approximately HK$3,857 million for all Clear Media’s outstanding shares, of which 23% or HK$887 million will be funded by JCDecaux.
The consortium composes of Mr. Han Zi Jing, Chief Executive Officer of Clear Media (“Mr. Han”) at 40%, Antfin (Hong Kong) Holding Limited (“Antfin”) at 30%, JCDecaux at 23% and China Wealth Growth Fund III L.P. (“CWG Fund”) at 7%.
Gide's team that advised JCDecaux on the tax aspects of the transaction comprised partner Olivier Dauchez in Paris and partner Guo Min in Beijing.
Slaughter and May was also counsel to JCDecaux.
