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September 25, 2012
Curtis Advises GEFCO in its Sale to JSC Russian Railways by PSA Peugeot Citroën


Paris, 25 September 2012 - 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.

Curtis, Mallet-Prevost, Colt & Mosle LLP is a leading international law firm providing a broad range of services to clients around the world. Curtis has 16 offices in the United States, Europe, Central Asia, the Middle East and Latin America. The firm’s international orientation has been a hallmark of its practice for nearly two centuries. 

The Curtis Paris office was founded in 1973 and comprises about 25 attorneys counseling clients in areas such as mergers and acquisitions, banking and finance, tax, litigation and international arbitration.  Curtis advises listed and privately-held mid-cap companies and investment funds on the full range of corporate activities, including LBOs, IPOs, venture capital transactions and management incentive packages.

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