Finance

Gide advises Société Générale on the sale of its subsidiaries in Mauritania, Chad, Equatorial Guinea and Congo

Gide advises Société Générale on the sale of its subsidiaries in Mauritania, Chad, Equatorial Guinea and Congo
Monday, 12 June 2023 16:02

Gide advised Société Générale on the signing of various agreements relating to the sale of its subsidiaries in Mauritania, Chad, Equatorial Guinea and Congo.

Subject to the satisfaction of certain conditions precedent (in particular regulatory approvals), the Coris group would purchase  Société Générale's stake in Société Générale Mauritanie and Société Générale Tchad, while the Vista group would purchase Société Générale's stake in Société Générale de Banques en Guinée Equatoriale and Société Générale Congo.

The Gide team is composed of Jean-Gabriel Flandrois, partner, Morgan Maréchal, counsel, Eya EnnaiferCyprien Delorme and Iléna Germain, associates, for the M&A aspects; Emmanuel Reille, partner, and Eléonore Denis, associate, for the competition law aspects; Olivier Dauchez, partner, and Alan Sournac, associate, for the tax law aspects; and Foulques de Rostolan, partner, for the employment law aspects.

M&A Legal Société Générale: Emilie Jarry

Coris group legal counsel: Asafo & Co

Vista group legal counsel: Astura

About Gide

Gide is a French business law firm with an international dimension. Founded in Paris in 1920, the firm now operates out of 11 offices worldwide. It numbers 500 lawyers drawn from 35 different nationalities, recognised as among the most respected specialists in each of the various sectors of national and international business law.

For over 50 years now, Gide has a long-standing presence in Africa. Made up of 90 lawyers dedicated to the continent, Gide Africa assists a wide range of clients and offer a high level of legal assistance tailored to each sector, country and area of law.

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