FTPA advised Europe Services Groupe (ESG) in its entry into exclusive negotiations for the sale of its activities to FCC Medio Ambiente.

June 21 2024

FTPA has advised Europe Services Groupe (ESG), a major player in the waste management sector in France, in entering into exclusive negotiations for the sale of its operating activities in France to FCC Servicios Medio Ambiente.

This strategic transaction would enable FCC Servicios Medio Ambiente, a division of the FCC Group, to expand its presence in the French market. FCC has expressed its intention to acquire ESG’s four operating subsidiaries. ESG’s subsidiaries operate mainly in the highly populated regions of Ile-de-France, Rhône-Alpes, and Hauts-de-France, providing essential services such as household waste collection, urban cleaning, and industrial cleaning, and employing around 2,000 people.

Completion of the transaction is scheduled for the second half of 2024, subject to obtaining the necessary regulatory approvals and meeting the usual suspensive conditions.

FTPA supported Europe Services Groupe (ESG) with a team comprising : Antoine Tchekhoff, François-Xavier Beauvisage (partners), Agathe Laporte, Noëmie Rivas and Olivier Lang in corporate law, Sophie Jouniaux (partner) and François-Xavier Cochenet in tax law, Laure Calice (partner) and Marine Claisse in employment law, Julien Vilotte-Muracciole in competition law, and Raphaël Crespelle (partner), Tristan Boucheteil and Marie Guillois in public law.