Legal DealFolio - Groupe Auchan/Ruentex JV Restructuring

Global law firm White & Case LLP advised Groupe Auchan on the restructuring of its joint venture with the Taiwanese conglomerate Ruentex, leading to Groupe Auchan's acquisition of a majority stake in Sun Art Retail Group Limited (formerly Sun Holdings), involving inter alia merger control procedures in China, and on the IPO of Sun Art Retail Group Limited on the Main Board of the Hong Kong Stock Exchange. Sun Art is the leading hypermarket operator in China and operates under the banners of both RT Mart China and Auchan China of which it became the sole shareholder (excluding employee-shareholders) as part of the restructuring. RT Mart China was created by the Taiwanese group Ruentex in the late 90s and Auchan China was established during the same period. Groupe Auchan and Ruentex have been partners since 2000. The IPO was completed at the end of July 2011. The IPO price per Sun Art share was HK$ 7,20. Led by Paris M&A/Corporate partners Eric Laplante and Eric Muller, White & Case teams in Paris, Beijing (Xiaoming Li), Shanghai and Hong Kong advised Groupe Auchan on these two transactions.

Deal Date:	29-09-2011	Practice Area:	Corporate and M&A
Deal Title:	Groupe Auchan/Ruentex JV Restructuring	Industry:	General Retailers
Description:	Global law firm White & Case LLP advised Groupe Auchan on the restructuring of its joint venture with the Taiwanese conglomerate Ruentex, leading to Groupe Auchan's acquisition of a majority stake in Sun Art Retail Group Limited (formerly Sun Holdings), involving inter alia merger control procedures in China, and on the IPO of Sun Art Retail Group Limited on the Main Board of the Hong Kong Stock Exchange. Sun Art is the leading hypermarket operator in China and operates under the banners of both RT Mart China and Auchan China of which it became the sole shareholder (excluding employee-shareholders) as part of the restructuring. RT Mart China was created by the Taiwanese group Ruentex in the late 90s and Auchan China was established during the same period. Groupe Auchan and Ruentex have been partners since 2000. The IPO was completed at the end of July 2011. The IPO price per Sun Art share was HK$ 7,20. Led by Paris M&A/Corporate partners Eric Laplante and Eric Muller, White & Case teams in Paris, Beijing (Xiaoming Li), Shanghai and Hong Kong advised Groupe Auchan on these two transactions.
Financial Center:	Paris	Value:	0.00-100.00
Advised Party:	Joint Venture Party	Law Firm	White & Case
JV Party Jurisdiction	France	JV Party Jurisdiction	Taiwan
Classification:	Joint Ventures Continuing Business Partnership	Lawyer	Eric Laplante

Practice Areas -

Corporate and M&A Law Firms and Lawyers

Practice Areas - Corporate and M&A Law Firms and Lawyers