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Marc Castagnède and Jules Lecoeur, partners at A&O Shearman, said: “This acquisition would mark a significant step in the consolidation of the European logistics market, at a time of profound operational, technological, and environmental change. We are delighted to support the Jacky Perrenot group in this ambitious project, which is fully aligned with its growth plan and its ambition to build a European leader in sustainable transport and logistics.”

The transaction remains subject to clearance by the relevant merger control and foreign investment authorities.

The A&O Shearman team is led by partners Marc Castagnède and Jules Lecoeur, with associate Alexia Monne, Yasmine Benhmida and Aresse Chegra on M&A aspects, partner Charles Del Valle and associate Thibault Faivre-Pierret on tax aspects, partner Florence Ninane and counsel Roxane Hicheri on antitrust aspects, as well as counsel Luc Lamblin and associate Vianney Leroux related to FDI aspects.

The Paris team is also supported by the Amsterdam office, with partner Kayleigh Sanders and associate Isabel Rutten on M&A aspects, partner  and consultant Suzanne Kampijon on employment aspects, and partner Sophie Roozendaal and associate Kaoutar Laachir on notarial aspects.