Paris, 17 March 2021 – Jeantet, acting alongside Milbank (Germany) advised the Otto Group on the proposed sale of Mondial Relay SAS to Amsterdam Stock Exchange-listed InPost S.A. The parties have entered into exclusive discussions regarding the proposed transaction, which is currently expected to be completed by the end of the second quarter of 2021.
Mondial Relay operates the second-largest Pick-up Drop-off (“PUDO”) network in France and currently services around 131 million parcels per annum via a network comprising four depots and hubs as well as approximately 10,000 PUDO points, making it the largest independent PUDO player by volume in France. The Otto Group views the proposed transaction as an outstanding opportunity to provide the Mondial Relay with excellent prospects for sustainable and continued business success.
The transaction is subject to approval by the relevant committees and competition authorities.The Jeantet team advising on the transaction was led by Partner Karl Hepp de Sevelinges and included Associates Ruben Koslar and Nicolas Martin (all M&A), Partner Jean-Guillaume Follorou, Counsel Gabriel Di Chiara and Associate François-Xavier Simeoni (all Tax), as well as Laetitia Ternisien (Employment Law).
InPost S.A. was advised in France by Kirkland & Ellis (Paris), with Partner Victor Michel-Laurent and Associate Louis Gosset, both M&A, as well as Partner Nadine Gelli and Associate Sonia Bouaffassa, (both Tax).