Sonae Sierra’s Acquisition Of Majority Interest In La Galleria S.r.l.

In the operation, the firms Corti Fumagalli Associati and Osborne Clarke joined Sonae Sierra.

Sonae Sierra, the Portuguese multinational that manages 27 shopping centers around the world, has announced the acquisition of the majority stake in the company Galleria S.r.l., based in Reggio Emilia.

Together with the partner REI, Sonae Sierra will renovate an area of ??2,500 square meters of the former covered market in via Emilia San Pietro with the aim of offering catering, cultural and entertainment services within a space that aims to satisfy the best sustainability criteria and attention to the needs of the local community.

The transaction completed on November 14 allowed for the restructuring of the existing debt and the making available to the target company of the capital for the restyling of the historic property.

Sonae Sierra was assisted by Osborne Clarke, with a team led by the shareholders Umberto Piattelli, for corporate aspects, Giorgio Lezzi, for administrative matters and Filippo Canepa, for the restructuring of the existing debt.

Sonae Sierra was followed by the firm Corti Fumagalli Associati for the accounting and tax aspects with a team consisting of the managing partner Nicola Fumagalli and the head of legal Riccardo Castagna. The managing partner Ramona Corti has been appointed sole statutory auditor of the Company.

Involved fees earner: Riccardo Castagna – Corti Fumagalli; Ramona Corti – Corti Fumagalli; Nicola Fumagalli – Corti Fumagalli; Filippo Canepa – Osborne Clarke; Giorgio Lezzi – Osborne Clarke; Umberto Piattelli – Osborne Clarke;

Law Firms: Corti Fumagalli; Osborne Clarke;

Clients: Sonae Sierra;

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Author: Michael Patrini