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Clifford Chance advises Carrefour on its proposed sale of a controlling stake in its activities in China to Suning.com

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9 July 2019

Clifford Chance advises Carrefour on its proposed sale of a controlling stake in its activities in China to Suning.com

Leading international law firm Clifford Chance has acted as Hong Kong and Dutch legal counsel to Carrefour Nederland B.V. (Carrefour) on the proposed sale of its 80% equity interest in Carrefour China to Chinese electronics and e-commerce retailer Suning.com. The transaction values Carrefour China at an enterprise value of €1.4 billion (US$1.58 billion).

With a presence in China dating back to 1995, Carrefour China operates a network of 210 hypermarkets and 24 convenience stores. Suning.com is a leading retailer in China, operating a network of over 8,881 stores in more than 700 cities and runs one of the country’s largest e-commerce platforms. Carrefour will retain a 20% stake in the business.

A cross-border team in Hong Kong, Beijing, Shanghai, Singapore and Amsterdam advised on the deal. Led by partner Emma Davies, the team consisted of partner Gregory Crookes, counsel Yi Yang and Elizabeth Kong, foreign legal consultants Brian Harley and Anthony Fay, registered foreign lawyer I-Ming Tan and associates Ernest Shen, Mercia Wang and Leen Kranenburg. Richard Blewett led and advised on the antitrust aspects of the deal, with support from senior associate Dayu Man.

高伟绅为家乐福拟向苏宁易购出售其中国业务的控股权益提供法律服务

国际领先律师事务所高伟绅为Carrefour Nederland B.V.(“家乐福”)拟向中国电器及电子商业零售企业苏宁易购出售其持有的家乐福中国80%股份提供法律服务。高伟绅在本交易中担任家乐福的香港法及荷兰法法律顾问。本交易中家乐福中国的估值为14亿欧元(约合15.8亿美元)。

家乐福中国于1995年在中国成立,目前拥有210家大型综合超市和24家便利店。苏宁易购是中国领先的零售企业,在中国的700多个城市拥有超过8,881家门店,并运营着中国最大的电子商务平台之一。本次交易完成后,家乐福将保留20%的持股比例。

来自高伟绅香港、北京、上海、新加坡和阿姆斯特丹办事处律师组成的跨境团队为本交易提供了法律服务。该团队由合伙人Emma Davies律师牵头负责,团队成员包括Gregory Crookes(合伙人)、杨毅Elizabeth KongBrian Harley费立特陈爱敏沈绍洲王梦萱Leen Kranenburg等。高伟绅竞争与反垄断业务团队律师Richard Blewett(合伙人)和满大宇也为本交易提供了反垄断相关的法律服务。