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Stibbe advises the Zouari family on the purchase of Picard Surgelés

Stibbe advises the Zouari family on the purchase of Picard Surgelés

Stibbe advises the Zouari family on the purchase of Picard Surgelés

07.10.2019 LU law

Stibbe advised the Zouari family on the Luxembourg aspects of the EUR 156 million purchase of 43% of Picard Surgelés from Aryzta. 

Stibbe advised the Zouari family, owner of several supermarket franchises and the biggest franchisee of the Casino group, on the Luxembourg aspects of the EUR 156 million purchase of 43% of Picard Surgelés, a French food company specializing in the manufacture and retail distribution of frozen products, from Aryzta, a Swiss food business. The Swiss group will own 4,5% of the capital, while Lion Capital will remain the majority shareholder with 51%.

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