Global law firm Norton Rose Fulbright has advised banks UniCredit and Banco BPM on the financing of Fratelli Arena Srl’s (part of Arena Group) acquisition of 38 supermarkets in Sicily from SMA SpA (a subsidiary of Auchan SpA).
With this acquisition, Arena Group, a family-run company established in 1976, has become a market leader in organised large-scale retail food distribution in Sicily.
The Norton Rose Fulbright team advised the banks on the negotiation and drafting of financial documentation. Arena Group was assisted by Avv. Marco Bredice.
Gennaro Mazzuoccolo, Norton Rose Fulbright’s Milan-based banking partner who led on the transaction, commented
“We are pleased to have assisted on this important transaction. This financing underlines the opportunities available to those investing in southern Italy and the companies that operate there.”
Norton Rose Fulbright has advised on acquisition and real estate finance transactions in Italy for nearly 20 years, working on both the lender and the borrower side.