You have 0 free articles left this month.

Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
Big Law

Allens and Blakes close AWB deal

Allens Arthur Robinson has advised Cargill, an international producer and marketer of food, agricultural, financial and industrial products and services, on its strategic acquisition of grain…

May 18, 2011 By Lawyers Weekly
expand image

Allens Arthur Robinson has advised Cargill, an international producer and marketer of food, agricultural, financial and industrial products and services, on its strategic acquisition of grain trading assets and infrastructure from Canadian fertiliser and rural services provider Agrium Inc.

 
 

Under the deal, which closed on 11 May, Cargill has purchased the AWB commodities management business that Agrium acquired when it purchased leading Australian agribusiness AWB Limited on 3 December 2010.

The acquisition includes AWB's grain marketing operations, management of grain pools, international grain trading businesses, grain distribution and storage assets, and international operations based in Switzerland, India and the Ukraine.

Allens partners Carolyn Oddie and Marcus Clark led the matter, which included the negotiation of transaction documents; a range of due diligence and regulatory issues, such as analysis of AWB's wheat and barley pools; sanctions compliance; oil-for-food litigation; and employment issues.

"The transaction continues the trend for strong M&A activity in the Australian agricultural sector," Clark said.

Blake Dawson acted for AWB/Agrium.

Tags
You need to be a member to post comments. Become a member today
Got a tip for us?
If you have any news tips or stories to share, feel free to send them our way.
Momentum Media Logo
Most Innovative Company