International law firm Bird & Bird has assisted PSA Group /Opel on an agreement with Total/Saft for the creation of Automotive Cells Company (ACC), a joint venture dedicated to the manufacture of batteries in Europe.
With this partnership, the parties are setting up a world-class player in the development and manufacturing of high-performance batteries for the automotive industry from 2023.
This project aims to:
This project benefits from financial support, worth €1.3 billion, from the French and German public authorities, by being named as an 'Important Projects of Common European Interest' (IPCEI) project that testifies to the strategic importance of mobility for the energy transition. The whole project will represent an investment of more than €5 billion.
PSA Group was advised by Bird & Bird across five different teams in Germany and France. The project was led by Gildas Louvel (partner), Carole Bodin (counsel) and Sofia El Biyed (associate) who worked on the corporate/ M&A aspects. They were joined in France by Anne-Charlotte Le Bihan (partner) and Enora Baron (associate), who worked on intellectual property matters; Benjamine Fiedler (partner) and Chris Ivey (counsel) on employment; Jessica Derocque (counsel) and Camille Louis-Joseph (associate) on financing matters; and Raphaël Weiss (associate), who advised on public law matters. In Germany, Kai Kerger (partner), Johanna Schindler and Tamara Böhmert (associates) acted on corporate/M&A matters and Barbara Geck (partner) and Franziska Fiedler (associate) on labour law.