International law firm Weil, Gotshal & Manges LLP is advising the Marinopoulos Group on the reorganization of its partnership with French supermarket chain Carrefour SA in Greece. As a result of this reorganization and financial restructuring, Carrefour will sell to the Marinopoulos Group its entire stake in Carrefour Marinopoulos, the two companies’ joint retail venture in Greece, which will become the exclusive franchisee of Carrefour in Greece, Cyprus, Bulgaria, Albania and other Balkan countries.
The closing of this transaction is subject to antitrust clearances and is expected to take place in the coming weeks.
The Marinopoulos Group is a leading retailer in southeastern Europe, with operations spanning from supermarkets and hypermarkets, to apparel, health and beauty products and specialty-coffee retailing.
The Weil attorneys advising the Marinopoulos Group include Claude Serra and Charles Cardon in corporate law and Romain Ferla and Hélène de Villaine in competition law.