Holdco II’s Simplified Tender Offer for the Shares of Iliad

Bredin Prat advised Iliad while Gide Loyrette Nouel advised the ad hoc committee group formed by the board of directors of Iliad. Goodwin Procter represented HoldCo SAS.

HoldCo SAS, a holding company controlled by Xavier Niel, announced the financing of the simplified public tender offer for iliad SA shares launched by HoldCo II, a holding company controlled by HoldCo.

The iliad Group is one of the largest telecommunications companies in Europe. It operates in France, Italy and Poland and has 14,700 employees serving 42,7 million subscribers and generated €5.9 billion in revenues in 2020.

At the end of the offer period, if the number of shares not tendered to the Offer does not represent more than 10% of iliad’s share capital and voting rights, HoldCo II will ask the AMF to launch a squeeze-out procedure.

The Bredin Prat team included Olivier Assant (Picture, partner), Florence Haas (partner), Marine Blottiaux, Kathleen Quinard, Julien Gayral, Camille Marpillat, Claire Chabredier, Caroline Jacquot, Alice Mony-Decroix and Pierre Laland.

The Goodwin team was led by Frédéric Guilloux and included Arnaud Fromion, Geoff O’Dea, Hugh O’Sullivan, Laurent Bonnet, Alexander Hahn, Jamie Rafferty, and Nadim Islam (Debt Finance); and Charles-Henri de Gouvion Saint Cyr (Tax).

Involved fees earner: Olivier Assant – Bredin Prat; Marine Blottiaux – Bredin Prat; Claire Chabredier – Bredin Prat; Julien Gayral – Bredin Prat; Florence Haas – Bredin Prat; Pierre Laland – Bredin Prat; Camille Marpillat – Bredin Prat; Alice Mony Decroix – Bredin Prat; Kathleen Quinard – Bredin Prat;

Law Firms: Bredin Prat;

Clients: Iliad SA;

Read the full article on Global Legal Chronicle France

Naoual Sadouqi

Author: Naoual Sadouqi

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