Scroll Top


No Fees Unless You Collect

Clifford Chance advises TotalEnergies on its exclusive negotiations with Alimentation Couche-Tard for the setting up of a partnership in Belgium and Luxembourg and the sale of its retail networks in Germany and the Netherlands

TotalEnergies and Canadian convenience store leader Alimentation Couche-Tard have entered into exclusive negotiations regarding TotalEnergies’ retail networks in four European countries. If the transaction is completed:
– In Belgium and Luxembourg, TotalEnergies and Alimentation Couche-Tard will set up a partnership (TotalEnergies 40%, Couche-Tard 60%) that will own and operate 619 service stations.
– In Germany and the Netherlands, TotalEnergies will sell 100% of its networks to Alimentation Couche-Tard, including 1,198 service stations in Germany and 392 in the Netherlands.
The contemplated transaction, based on an enterprise value of €3.1 billion, covers the service station networks and the B2B fuel card activities.
This contemplated transaction will be submitted to the relevant employee representative bodies and remains subject to customary regulatory approvals.
Clifford Chance advised TotalEnergies with a multidisciplinary and cross-border team, led out from Paris, by Marianne Pezant and Gilles Lebreton (partners), Adeline Nayagom (senior associate) and Camille Welfringer (associate) on the M&A aspects, with the support of Eric Davoudet (partner) and Alexios Theologitis (senior associate) on the tax aspects; Cécile Zoro (counsel) and Jocelyn Hagneau (senior associate) on the employment aspects; and Katrin Schallenberg (partner), Emily Xueref-Poviac (counsel) and Salomé Haddou (associate) on antitrust and foreign investment aspects.
The Amsterdam team included Jeroen Thijssen (partner) and Serkan Özel (senior associate) on the corporate aspects; Floris van de Bult (partner), IJsbrand de Jong (counsel), Astrid van Ommeren and Najib Muslem (associates) on the employment aspects; and Michiel Sunderman (partner) and Stern Flik (senior associate) on tax aspects.
The Brussels team included Xavier Remy (partner) and Haaike Wouters (lawyer) on the corporate aspects; Gert Cuppens (counsel) and Maxime Nyamabu (lawyer) on the employment aspects; and Alexandre Ooms (partner) and Stijn Van Walleghem (lawyer) on tax aspects.
The Frankfurt team included Thomas Krecek (partner), Moritz Petersen (counsel), Annette Röhder and Natalie Hemberger (senior associates) on the corporate aspects; Stefan Simon (partner) on the employment aspects; and Olaf Mertgen (partner) and Christian Klein (senior associate) on tax aspects.
The Luxembourg team included Katia Gauzès (partner), Dunja Pralong – Damjanovic (counsel) and Konrad Kanaan (associate) on the corporate aspects; John Ted (senior associate) on the employment aspects; and Geoffrey Scardoni (partner) and Josselin Badoc (counsel) on tax aspects.

Powered by WPeMatico

Related Posts