France: sparkling acquisition

Paris-based law firm Gide Loyrette Nouel advised leading French wine producer Castel Frères on the purchase of six companies from the Patriarche group, which are active in the production of still and sparkling wines.

The transaction followed an in-depth phase two investigation by the French Competition Authority, with the watchdog deeming that the deal was unlikely to affect the balance of power in the wine market.
Gide Loyrette Nouel’s team comprised partner Emmanuel Reille. Castel Frères instructed economic consulting firm Microeconomix.

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