In 2008, Kosmidis & Partners advised TENGELMANN GROUP on the sale of group subsidiary “Plus Super-markets” in Greece to AB (Delhaize group). The Tengelmann group is active in 16 countries and had a combined annual turnover of more than € 11 million in 2009 (source: tengelmann.de). “Plus” subsidiary had ownership and lease rights on approx. 40 stores in Greece and several ongoing contracts with employees, suppliers and other third parties. Kosmidis & Partners’ consulting services focused on the all aspects of said acquisition by AB, i.e. preparation of the contracts, competition law issues, due diligence, preliminary checks, execution of the acquisition transaction. The transaction amounted to € 69,5 million Euros.
In 2010 / 2011, Kosmidis & Partners advised the ALDI GROUP on the sale of several properties)and transfer of lease agreements of her greek subsidiary (Aldi Supermarket Hellas) to other renowned super market chains – members of internationally active groups in this sector. Advisory services included the drafting and consultation on all aspects of the transaction, including competition law issues, drafting and execution of agreements etc. The combined value of transactions performed reached a high multi-million value.
Recommendation letters from the respective clients are available at your request.