Starting news article english 7 May 2013

Clifford Chance advises Carrefour in the reorganization of its partnership with Turkish company Sabanci Holding

After 17 years of partnership, Carrefour Group and Sabanci Holding have decided to reorganize the governance of their joint venture, CarrefourSA.

Sabanci Holding will become the majority shareholder by acquiring an additional 12% of the capital of CarrefourSA from Carrefour Group. Carrefour will retain a stake of 46.2%. Sabanci Holding will own 50.8% of CarrefourSA.

Clifford Chance lawyers advising Carrefour in France were Mathieu Remy and Dessislava Savova (Partners), Marianne Pezant (Counsel), Justine Souchay and Alexander Kennedy.