The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised CECONOMY (currently: METRO AG), Düsseldorf, in connection with its investment in Fnac Darty S.A., Ivry-sur-Seine. The consummation of the transaction is, in particular, subject to regulatory conditions. Upon closing of the transaction, CECONOMY will become the largest shareholder of Fnac Darty.
With sales of approx. €22 bn and about 65,000 employees CECONOMY Group is the largest consumer electronics platform in Europe.
Advisor to CECONOMY: Milbank, Tweed Hadley & McCloy LLP
Arndt Stengel (lead, Corporate/M&A, Frankfurt), Alexander Rinne, Moritz Lichtenegger (both Antitrust), Malte Krohn, Karen Frehmel-Kück (both Corporate/M&A, all Munich)
About Milbank
Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm founded in 1866 in New York City. Today Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, New York, São Paulo, Seoul, Singapore, Tokyo and Washington, DC and is present in all major financial and economic centers of the world. Milbank focuses its worldwide legal services in the areas of finance, transactions and litigation.
The first European office was opened in 1979 in London, followed by Frankfurt in 2001 and Munich in 2004. Due to the close cooperation of the German offices with the finance, corporate, cartel and tax lawyers practicing in other Milbank offices, in particular London and New York, Milbank Germany is in a position to provide fully integrated legal advice on the highest level in all these core areas pursuant to German, English and US law.
