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  • Deal or case news
  • 10-05-2016


NautaDutilh advised Casino on Dutch law aspects in connection with the disposal of its stake in Big C Thailand and Vietnam.

NautaDutilh advised Casino on Dutch law aspects in connection with the disposal of its stake in Big C Supercenter PCL, listed on the Stock Exchange of Thailand ("Big C Thailand"), for EUR 3.1 billion (excluding debt) to the TCC Group, one of the leading conglomerates in Thailand, with operations in the retail, commercial and industrial business, food and beverage, finance and insurance, property and real estate, agricultural and agro industrial sectors. Big C Thailand is a leader in food retail and commercial real estate in Thailand, operating a large network of more than 700 stores, including 125 hypermarkets, with a turnover of EUR 3.4 billion in 2015. The transaction closed on 21 March 2016.

NautaDutilh also advised Casino on Dutch law aspects in connection with the sale of Big C Vietnam for an enterprise value of EUR 1 billion (proceeds for Casino: EUR 920 million) to Central Group, one of the main family-owned conglomerates in Thailand with interests in real estate, department stores, retailing, hospitality and restaurants. Big C Vietnam is a leading food retailer in Vietnam, operating a network of 43 stores and 30 shopping malls, with a turnover excluding taxes of EUR 586 million in 2015. The transaction closed on 29 April 2016.

The transactions are part of Casino's EUR 4+ billion deleveraging plan.

NautaDutilh had already advised Casino on various other transactions, including the creation and subsequent IPO of Cnova N.V.

The NautaDutilh team included Leo Groothuis, Hein Hooghoudt, Jaap Stoop, Paul van der Bijl, Stefan Wissing and Pieter van Drooge (all Corporate M&A). In both transactions, NautaDutilh cooperated closely with Darrois Villey Maillot Brochier (Casino's French lead counsel).

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