White & Case Advises Casino Group on Sale of GreenYellow for Enterprise Value of €1.4 Billion

Global law firm White & Case LLP has advised Casino Group on the signing, together with Tikehau Capital and French public investment bank Bpifrance, of a put option agreement to sell their majority stake in GreenYellow, the energy subsidiary of Casino group, to Ardian Infrastructure for an enterprise value of €1.4 billion and an equity value of €1.1 billion.

Under the terms of the agreements with Ardian Infrastructure, Casino Group will reinvest €165 million in GreenYellow.

The proposed transaction is subject to a consultation process with the relevant employee representative bodies. It is expected to be completed during the fourth quarter of 2022, subject to obtaining the customary regulatory clearances.

The White & Case team in Paris which advised on the transaction was led by partner Marc Petitier and included partners Philippe Herbelin, Yann Utzschneider, Valérie Ménard, Clara Hainsdorf, Amaury de Feydeau and Jean-Luc Champy, counsel Henri Bousseau and associates Edouard Le Breton, Hugo Chevillot, Leila Benyahia, Mathieu Damnon, Julien Gerson, Rahel Wendebourg, Laurent Patrimonio, Cécilia Grosjean, Louise Mouclier, Niels Ardeo-Winter, Camille Fouqué, Ori Ulloa Castro and Grégoire Baudry.

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