NautaDutilh advised Golden Agri-Resources Ltd (GAR) on the successful set-up of Agri Renewable Fund, a Luxembourg Sicar (the Sicar). GAR, a Singapore-listed company, is the world's second largest producer of crude palm oil (CPO) with a market capitalisation of USD 5.8 billion.
This Sicar is GAR's first initiative to invest in Europe and to attract European investors.
The Sicar's aim is to invest in the European renewable energy sector, in particular CPO-fuelled power plants. Its activities will also enable it to benefit from green certificates that can be traded on specialised markets.
The Sicar has already acquired one 75 megawatt CPO-fuelled power plant in Italy together with Fri-El Green Power, a key Italian player in the renewable energy sector.
The NautaDutilh Avocats Luxembourg team was comprised of Manuèle Biancarelli and Pierre Reuter.