Clifford Chance advised Wilmar International Limited (Wilmar) in the context of the sale of its 30.05% equity stake in Cosumar S.A (Cosumar) to MAMDA, MCMA, CIMR, RCAR, SUCDEN (French sugar operator) and other Moroccan investors for an amount of MAD 5,962,455,660 (approximately USD 605 million).
Clifford Chance advised Wilmar in 2013 when it acquired a stake in Cosumar, via the purchase of part of the stake of Al Mada (formerly Société Nationale d’Investissement).
Wilmar, listed on the Singapore Exchange, is a leading agribusiness group in Asia that encompasses the entire value chain of the agricultural commodity business. Its activities include among others oil palm cultivation, oilseed crushing, flour and rice milling, sugar milling and refining, manufacturing of consumer products, oleochemicals, biodiesel or fertilizers.
Cosumar, a company listed on the Casablanca Stock Exchange, is the main sugar operator in Morocco.
The Clifford Chance team comprised of Mustapha Mourahib, Managing Partner of the Casablanca office and co-head of the firm Africa practice, Gilles Lebreton, Partner, Hasnaa Bennani, Senior Associate and Cindy Massala Gouaka, Associate. On the antitrust aspects, the team was composed of Jennifer Storey, Partner and Nhi Nguyen, Associate.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
The advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
