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Closing: Lagardere Acquisition of Costa Coffee Shops in Poland and Latvia Now Closed

Closing: Lagardere Acquisition of Costa Coffee Shops in Poland and Latvia Now Closed

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On March 8, 2023, Eversheds Sutherland announced that Lagardere’s acquisition of the Costa Coffee Group’s Polish and Latvian subsidiaries (reported by CEE Legal Matters on October 7, 2021) had closed.

Eversheds Sutherland advised the Costa Coffee Group on the sale and reported that "the transaction included coffee shops located in Poland and located in Latvia, and involved a number of spin-offs and demergers of assets excluded from the transaction."

As originally reported, Moskwa Jarmul Haladyj i Partnerzy advised Lagardere Travel Retail on its acquisition of the companies operating coffee shops under the Costa Coffee brand in Poland and Latvia from Costa Coffee.

Costa Coffee was founded in London by Italian brothers Sergio and Bruno Costa, in 1971. It now operates in 41 countries worldwide and has over 2,700 coffee shops in the UK and 1,100 in other countries.

Lagardere Travel Retail manages 4,800 stores across three business lines – travel essentials, duty-free & fashion, and food service – specifically in airports and railroad stations in nearly forty countries.

The Eversheds Sutherland team included Poland-based Partners Aleksandra Kunkiel-Krynska, Marta Gadomska-Golab, and Ewa Szlachetka, Counsels Grzegorz Barszcz and Adam Nierzwicki, Senior Associates Maciej Tuszynski, Dariusz Aziewicz, Pawel Lasota, Piotr Lada, and Jowita Prokop, as well as Latvia-based Senior Associate Dmitrijs Nemirovskis.

The MJH team included Partners Pawel Moskwa, Jan Jarmul, and Lukasz Blazejczyk.

Eversheds Sutherland at a Glance

Eversheds Sutherland with offices in Bratislava and Prague and as part of an international network, provides comprehensive legal advice also in foreign jurisdictions.

Our team consists of a total of more than 40 lawyers in the Czech Republic and Slovakia, most of whom have previously worked at major international and local law firms and have extensive experience in particular in the areas of corporate law, including mergers and acquisitions, capital markets, real estate, employment law, competition law, litigation and arbitration, energy, infrastructure, as well as environmental and ESG law.

Our advisory services are offered in Slovak, German, Czech and English language. Members of our team include attorneys registered with the Austrian Bar Association. On this basis, and because we are part of Eversheds Sutherland, we are also able to offer extensive legal support on various foreign legal issues.

We listen to our clients, we understand their business and we also understand what they need. So we can always find the best solution for the particular situation. We work quickly, efficiently and take responsibility for our work.

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