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.
1 December 2016
Deals | Algeria | Corporate
Gide and Bennani & Associés advise respectively Volkswagen AG and Sovac on setting up a joint venture to build an assembly plant in Algeria.
Sovac, Volkswagen’s long-standing distributor in Algeria, and Volkswagen group have finalised the setting up of a joint venture with a view to building an assembly plant in Algeria. It will progressively reach a capacity of 100 vehicles per day for Volkswagen, Seat and Škoda.
The Volkswagen Group will have a minority stake in the joint venture, whose assembly plant will be constructed on a site covering 150 hectares, 220 kilometres to the west of Algiers.
Gide advised Volkswagen AG, with partner Samy Laghouati and senior associate Xavier Lecomte.
Bennani & Associés’ Algiers office advised Sovac, with partner Mourad Seghir and associate Salah Lammari.
