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Singapore-listed QAF sells primary production business 

Singapore Exchange-listed QAF has secured the sale of its primary production business to a wholly owned subsidiary. 

user iconNaomi Neilson 16 June 2021 Big Law
QAF sells primary production business
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Firm: Allens (QAF Limited)

Deal: Allens has advised Singapore Exchange-listed QAF Limited on the sale of its Australian primary production business to a wholly owned subsidiary of JBS S.A. for an enterprise value of $175 million. 

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Value: $175 million. 

Area: M&A.

Key players: The team was led by partner Mark Malinas with assistance from managing associate Hannah Biggins and associate Vincent Pang. They also had support from competition, consumer and regulatory partner Jacqueline Downes and James Somerville and projects and development partner Bill McCredie. 

Deal significance: The sale included 100 per cent of Rivalea Holdings Pty Ltd and 100 per cent of Oxdale Dairy Enterprise Pty Ltd, the combined group being an integrated pork producer in Australia with feed mills, pig genetics, pig breeding, grower farmers and pork processing plants. 

Allens advised on all aspects of the sale, including anticipated regulatory approvals.

Mr Malinas commented: “We are pleased to have continued our longstanding relationship with QAF and its Australian businesses Rivalea and Oxdale to advise on this important strategic sale.” 

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