Allens Arthur Robinson (Allens) has advised leading grain handler and trader Cargill Australia on its strategic acquisition of grain trading assets and infrastructure from Canadian fertiliser and rural services provider Agrium Inc.
Under the agreement, signed on 15 December, Cargill Australia will buy the grain commodities business that Agrium acquired when it purchased leading Australian agribusiness AWB Limited on 3 December.
Subject to various regulatory approvals and expected to close in the first half of 2011, the acquisition will include AWB’s grain marketing and pool operations, 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 transaction.
‘This transaction has really showcased the depth of talent within their deal team and the dedication of its members,’ Ms Oddie said.
‘They ran a non-stop global deal team with key individuals based in Geneva, Bombay, Singapore, Shanghai, Melbourne and Minneapolis.’
Mr Clark said Allens advised on a range of due diligence and regulatory issues including analysis of AWB’s wheat and barley pools, regulatory clearances, environment, sanctions compliance, oil-for-food litigation and employment issues.
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