Arnold Bloch Leibler is currently acting for Nufarm Limited, an agricultural chemicals company, in relation to a takeover by way of scheme of arrangement by Chinese state-owned company, Sinochem Corporation. The exclusivity period, which finishes 3 December, will allow Sinochem to conduct due diligence over a five week period.

The deal is subject to approval by Australia's Foreign Investment Review Board, Chinese regulatory agencies, competition authorities and Nufarm shareholders.

Key players:

Arnold Bloch Leibler partner Jonathan Wenig (pictured right), and lawyers, David Shafer and Jeremy Lanzer. This team recently completed the Carsales.com initial public offering in September this year.

Commentary:

Partner Jonathan Wenig commented; "Following a recent trend of Chinese interest in Australian companies, Sinochem has entered into as heads of agreement with Nufarm in relation to a non-binding proposal for Sinochem to acquire all of the issued ordinary shares in Nufarm. Nufarm is a longstanding client of Arnold Bloch Leibler and the firm has acted in a range of matters on its behalf. It's always rewarding to be able to represent longstanding clients on milestone transactions."

Company info:

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Sinochem's core business includes energy, agriculture, chemicals, finance and real estate, and the largest integrated agriculture-input conglomerate in China.