16 March 2023
De Brauw advises Stellantis on EUR 1.5 billion share buyback
De Brauw has advised Stellantis on its EUR 1.5 billion share buyback programme. The programme's first tranche commenced on 17 March 2023 and it is expected to be completed at the latest by 19 June 2023. The first tranche will cover an amount of up to EUR 500 million. The common shares acquired will be cancelled in due course.16 March 2023
Couche-Tard to purchase petrol stations from TotalEnergies
Alimentation Couche-Tard Inc. (“Couche-Tard”) has committed to purchase the entirety of TotalEnergies' Dutch and German petrol stations. In addition, Couche-Tard and TotalEnergies intend to cooperate in the exploitation of TotalEnergies' Belgian and Luxembourg petrol stations. The transaction value is EUR 3.1 billion.Couche-Tard is a leader in the Canadian convenience store industry and is one of the largest independent convenience store operators in the United States. In Europe, Couche-Tard is a leader in convenience store and road transportation fuel retail in Scandinavia and the Baltic. TotalEnergies is a multi-energy company that produces and markets energies on a global scale.De Brauw has been engaged as Dutch counsel to Couche-Tard, acting alongside Cleary Gottlieb. The De Brauw team comprises Reinier Kleipool, Yi Duan, Rick van 't Wout, Eveline de Waard, Patrick van Rutten and Nick van Dongen.4 March 2023
Sale of minority stake in Prodrive Technologies to HAL and Pieter Janssen (co-founder & CEO)
The founder and CEO Pieter Janssen of Prodrive Technologies Group B.V. and HAL Investments B.V. have acquired the Prodrive Technologies shares owned by co-founder Hans Verhagen.