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Freshfields advises RELX Group as it simplifies its corporate structure into a single parent company
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) is advising RELX Group, a global provider of information and analytics for professional and business customers across industries, on its simplification of its corporate structure from a dual-listed company into a single parent company that will be listed in London, Amsterdam and New York.
RELX PLC and RELX NV, which are separate holding companies listed in London and Amsterdam respectively, currently jointly own all of the RELX Group businesses, subsidiaries and financing activities. The combined market capitalisation is approximately £30bn.
The simplification of its structure will be implemented through a cross-border merger, under which RELX PLC will become the sole parent company of RELX Group and the RELX NV shareholders will receive RELX PLC shares. The simplification is subject to certain conditions, including receiving approval from the shareholders of each of RELX PLC and RELX NV.
The Freshfields team was led by partner Julian Long. Tax advice was provided by partner Paul Davison and employment advice was provided by partner Alice Greenwell. Partner Peter Allen advised on finance matters and partner Mark Austin advised on capital markets matters.
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About Freshfields Bruckhaus Deringer LLP
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