Translate:

Baker McKenzie has advised Navya on its €20 million bond issue to be subscribed by ESMO Corporation and the conclusion of a strategic partnership to address the North East Asia market, inclueint South Korea, Japan and China. 

Navya will proceed with a private placement, in the form of bonds repayable in cash and/or new or existing shares to be fully subscribed by ESMO Corporation. After conversion of the bonds, ESMO Corporation would become the second largest shareholder of NAVYA, with around 20% of the company’s share capital.

This operation will enable Navya to support the future deployment of its business internationally, especially in South Korea, Japan and China and to strengthen its technological leadership in order to become a world leader in autonomous vehicles and new, intelligent and shared urban mobility solutions.

Navya is a leading French specialist in autonomous vehicles and was the first to offer autonomous mobility solutions, with the AUTONOM® SHUTTLE and the robo-taxi AUTONOM® CAB. Navya has been listed on the regulated market of Euronext Paris since July 2018. ESMO Corporation is a South Korean company listed on the Seoul stock exchange. 

Navya was advised by Baker McKenzie with a team led by Matthieu Grollemund, partner, assisted by Hélène Parent, senior associate and Madalina-Georgiana Asandului, associate.


Explore Our Newsroom
See All News