On 28 February 2014, COFCO Corporation and Nidera signed an agreement pursuant to which COFCO will acquire 51% of Nidera. NautaDutilh acted as legal advisor to Nidera.
COFCO Corporation ('COFCO'), the largest grain, oil and foodstuff company in China, and Nidera, a global commodity trader and agribusiness company headquartered in the Netherlands, signed an agreement pursuant to which COFCO will acquire 51% of Nidera to establish a strategic partnership with this major player in the agricultural market with an annual turnover in excess of USD 17 billion. NautaDutilh has acted as legal advisor to the company and its sole shareholder Nidera Capital throughout the competitive sale process. The transaction is still subject to regulatory and antitrust approvals.
The M&A team is led by Hein Hooghoudt and Lieke van der Velden. ABN AMRO is the financial adviser of Nidera.
Various media paid attention to the deal, including:
- Wall Street Journal: China Buys Control of Grain Trader
- Bloomberg: Cofco of China Taking Control of Nidera to Boost Food Supply
- Overfusies.nl: NautaDutilh, ABN AMRO en Clifford Chance adviseren bij Chinese graandeal (Dutch only)