Khaitan & Co and Willkie Farr & Gallagher Advised on Bolloré Logistics’ Mega Deal
Khaitan & Co and Willkie Farr & Gallagher played crucial roles in the Bolloré Group’s significant transactions – the €4.85
By : Legal Era
Update: 2024-03-13 04:15 GMT
Khaitan & Co and Willkie Farr & Gallagher Advised on Bolloré Logistics’ Mega Deal
Khaitan & Co and Willkie Farr & Gallagher played crucial roles in the Bolloré Group’s significant transactions – the €4.85 billion ($5.3 billion) sale of its logistics subsidiary to shipping company CMA CGM.
This strategic deal marks a major step in the CMA CGM Group’s logistic development strategy, complementing its historical maritime transport line of business. The acquisition represents CMA CGM’s largest since its inception in 1978. The completion of this sale underscores the importance of infrastructure investment in the Asia-Pacific region, where the demand for digital assets, sustainable energy, and modern logistics infrastructure continues to grow. The new entity, formed by combining CEVA and Bolloré Logistics, now ranks as the world’s fifth-largest player in its sector. With this acquisition, CMA CGM expands its expertise and services, offering clients a comprehensive range of solutions. The collaboration also welcomes 14,000 employees into the CMA CGM family, accelerating development and innovation.
Khaitan & Co played a pivotal role in the transaction, focusing on the Indian law aspects. Their contribution was instrumental in structuring and successfully concluding the deal. Partner Atul Pandey led the Khaitan team, supported by principal associates Arjun Bhagi and Hirak Mukhopadhyay, as well as associates Shivansh Mehta, Shruti Gupta and Mehul Mehta. Their collective efforts ensured a seamless execution of the agreement.
Executive director Vinita Krishnan, along with principal associate Sneh Shah and senior associate Viraj Doshi, provided valuable assistance in handling the direct tax matters. Meanwhile, Partner Mayank Jain and associate Sachi Upadhyaya offered expert advice on the indirect tax aspects of the sale. Additionally, Partner Pranjal Prateek and associate Rishabh Vohra contributed their expertise in the realm of competition law.
Willkie Farr & Gallagher advised CMA CGM on its most substantial deal to date. The team, led by partners Daniel Hurstel, Gabriel Flandin and Annette Péron, included partner Faustine Viala and associates Lafia Chaïb, Ji-Soo Kim, Hugo Kerbib, Maud Boukhris and Charles Bodreau.