Norton Rose Fulbright advises Lesieur on its expansion in Africa
Business | March 21, 2017
Global law firm Norton Rose Fulbright has advised French group Avril in relation to the setting-up of a mayonnaise factory in Algeria for its flagship brand Lesieur. This operation necessitated the creation of a joint-venture with local agribusiness group Djadi. The memorandum of understanding was signed on July 27, 2016 and the articles of association were signed in February 2017.
This marks the next step for growth for Groupe Avril in Algeria and follows the establishment of an animal food production plant in the country. The agribusiness group thus strengthens its presence and development strategy in Africa.
Alain Malek, corporate M&A partner comments: “This transaction reflects a growing appetite for foreign investment in the Algerian market.”
The team in charge of advising Groupe Avril was led by Alain Malek, corporate M&A Partner, assisted by Faiza Saiki, associate.
Other counsel: Groupe Djadi was advised by UGGC law firm
For further information please contact:
Carole Guettier, Senior business development manager, Norton Rose Fulbright
Tél: + 33 (0)1 56 59 52 75
carole.guettier@nortonrosefulbright.com
Charles Billiard, Communication Executive, Norton Rose Fulbright
Tél: + 33 (0)1 56 59 52 96
charles.billiard@nortonrosefulbright.com
About Norton Rose Fulbright’s Corporate practice :
Norton Rose Fulbright’s corporate department in Paris is one of the most significant on the market. It is now composed by eight partners and around thirty associates. Chambers & Partners and Legal 500 also consistently ranks it among the best law firms in French speaking Africa, particularly in Morocco, Tunisia and Congo Democratic Republic, in the Insurance and IT sectors.
Notes for editors:
Norton Rose Fulbright is a global law firm. We provide the world’s preeminent corporations and financial institutions with a full business law service. We have more than 3800 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.
Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.
Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.
For more information about Norton Rose Fulbright, see nortonrosefulbright.com/legal-notices.
