Overview
McDermott Will & Emery has advised Caisse des Dépôts et Consignations on the sale of 9.4% of the capital of its 25.4% stake in LISEA, the first private company to hold a high-speed rail concession in France.
LISEA, the first private company to hold a concession for a high-speed rail line in France, is in charge of managing the 302 km rail infrastructure linking Tours to Bordeaux. The Ligne à Grande Vitesse Sud Europe Atlantique (LGV SEA) opened in July 2017, linking Paris and Bordeaux in 2h04.
Following a multi-year strategic and financial review, during which they carried out a market survey, Caisse des Dépôts et Consignations and Ardian decided to jointly sell 26.4% of LISEA’s capital to Vinci and Meridiam. Caisse des Dépôts et Consignations nevertheless remains a significant shareholder in LISEA with 16% of the capital, in order to continue supporting the development of this structuring asset of the French territory.
The McDermott team on this operation was composed of :
- Corporate
Guillaume Kellner, Partner
Stanislas Offroy, Counsel
Auriane Tournay, Associate - Regulatory
Laurent Ayache, Partner - Competition
Frédéric Pradelles, Partner
Mary Hecht, Associate
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