March 29, 2017
Paris office represents Bpifrance in the acquisition of a 12.7 percent stake in the French automobile manufacturer from the French State.
On March 27, it was announced that Willkie client Bpifrance (acting through Lion Participations) has acquired from the French State (acting through Agence des participations de l’Etat (APE) and its vehicle Sogepa) the entirety of its stake in French automobile manufacturer Peugeot SA. The stake comprises 12.7 percent of the share capital and 18.5 percent of the voting rights. The deal is valued at €1.92 billion.
Present in almost 160 countries with more than 10,000 points of contact, Peugeot is the world's only brand to market a complete mobility offering (cars, scooters, bikes) along with a wide range of services.
Last year, Willkie advised Bpifrance, the state-owned French bank, in connection with Vallourec’s €1 billion equity fundraising. The Willkie team for the current deal was led by partner Daniel Hurstel and national partner Gabriel Flandin, and included national partner Faustine Viala and associates Grégoire Dumazy, Mathilde Ayel and Emilie Patoux.
