Leading international law firm Clifford Chance has advised COFCO Corporation on the closing of two concurrent global acquisitions, being 51% of Noble Agri Limited for an initial purchase price of US$1.5 billion and 51% of Nidera Capital B.V. for approximately US$1.3 billion. Both Noble Agri and Nidera acquisitions became wholly unconditional on 30 September and were completed and settled on 14 October.

Noble Agri, which was the global agricultural platform of the Singapore listed Noble Group, mainly engages in the origination, storage, processing, transportation, distribution and trading of grain and oilseeds, soft commodities and sugar by originating from low-cost producing regions such as Brazil, Argentina and the Black Sea region, and supplying to markets with high demand such as China, India and Middle East. More >>

Allen & Overy has advised Emperador Inc, a subsidiary of Alliance Global Group Inc., one of the largest Philippines conglomerates, on its acquisition of Whyte & Mackay Group from United Spirits Limited, a company listed on the Bombay Stock Exchange, for an enterprise value of approximately GBP430 million.

Emperador’s purchase of Whyte & Mackay ranks as one of the biggest overseas acquisitions by a Philippine company in recent years. The transaction was the result of a competitive auction process arising from a UK competition enquiry and subsequent ruling following Diageo PLC’s acquisition of a significant stake in United Spirits in 2013. More >>