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.
15 December 2015
Deals | France | M&A, Public Law & Competition
Gide advises CNP Assurances on the acquisition of a majority stake in Géosud from Total, Géostock and INEOS. Total and INEOS will sell to CNP Assurances their entire stake, of respectively 56.07% and 13.93%. Géostock will keep a minority 2% stake.
Set up in 2009 for the study, construction and operation of underground natural gas storage sites, Géosud owns a 50% stake in GIE Géométhane, the operator of a natural gas storage site operator located in Manosque (south-east France).
This acquisition is subject to approval by the competent regulatory authorities, and should be finalised in the first half of 2016.
The Gide team advising CNP Assurances on this operation comprises partner Guillaume Rougier-Brierre and Hugo Nocerino on corporate aspects, partner Thomas Courtel on public and administrative law aspects, partner Emmanuel Reille and counsel Sophie Quesson on competition aspects.
