Baker McKenzie is advising Olam Agri Holdings Limited (Olam) on its non-binding indicative offer regarding a proposed acquisition of all of the shares of Namoi Cotton Limited (Naomi) for a total consideration of approximately AUD 122 million.
Namoi is the largest cotton ginning company in Australia and is listed on the Australian Securities Exchange. Olam is a global market leading agribusiness with a long history of successful operations in the Australian cotton industry and its parent entity is listed on the Singapore Stock Exchange.
If the Olam proposal proceeds, it is expected to unlock new opportunities for both businesses and Australian cotton growers.
Baker McKenzie is advising Olam on the transaction, which involves a proposed scheme and concurrent takeover structure. This is one of only a handful of examples of such a concurrent structure in the Australian market.
Baker McKenzie partner Richard Lustig stated: “We are delighted to be acting for Olam on this important transaction as it seeks to enhance its support and world class service offerings to Australian cotton farmers and communities”.
The Baker McKenzie team is being led by corporate partners Richard Lustig and Rick Troiano. Other key members of the Baker McKenzie team include Lynsey Edgar, Sam Mossman, Emma Panhuber and Jed Lehmann.
