Curtis, Mallet-Prevost, Colt & Mosle LLP advised Groupages Express de Franche-Comté (GEFCO) and its management in relation to the sale of the group by PSA Peugeot Citroën to JSC Russian Railways (RZD).
PSA, after an exclusive negotiation, sold a 75 % interest in GEFCO to RZD for €800 million, after GEFCO paid PSA Peugeot Citroën €100 million in a special dividend.
GEFCO, a subsidiary of the PSA Peugeot Citroën Group, is one of the top ten transport and logistics groups in Europe. GEFCO, with a presence in more than 150 countries, is a world leader in automotive logistics and a benchmark in industrial logistics with €3.8 billion revenue for 2011, a 12.9% increase over 2010.
GEFCO will pursue its international expansion strategy especially in China, India, and Latin America. GEFCO also plans to accelerate its growth in Eastern and Central Europe, particularly in Russia. Luc Nadal will continue to serve as president. The head office of the European group will remain in France.
Curtis advised GEFCO and its management with a team led by partner Henri Pieyre de Mandiargues and counsel Grégoire Andrieux.
