Magic circle duo take lead roles on Tesco-Carrefour tie-up talks

Freshfields advises longstanding client Tesco on strategic alliance with Europe's biggest retailer

Freshfields Bruckhaus Deringer and Clifford Chance (CC) are advising on Tesco’s strategic alliance with French retail giant Carrefour.

News of the alliance, which was announced on Monday (2 June), comes amid merger talks between supermarket rivals Sainsbury’s and Asda, a deal that could create a new business with revenues of more than £51bn and a combined UK market share greater than that of Tesco.

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