IFLR1000

Canada Pension Plan Investment Board $2.5 billion acquisition of 40% stake in Glencore Agricultural Products

6/4/2016
Public acquisition
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$ 2.5 billion

Completed

6/4/2016

Overview:

  • Canada Pension Plan Investment Board (CPPIB) has acquired 40% of Glencore Agricultural Products for $2.5 billion.
  • Glencore will use the proceeds of the sale to service its existing debt.
  • The two parties have also agreed to a potential sale of a further 20% at a later date.

Sam Duke - Editor

Jurisdictions:

Switzerland
United Kingdom

Deal type:

Public acquisition

Practice area:

M&A

Industry sectors:

Agriculture
Natural resources

Firms:
Avellum

Party: Canada Pension Plan Investment Board (Acquirer)

Lawyer: Mykola Stetsenko

Freshfields Bruckhaus Deringer

Party: Canada Pension Plan Investment Board (Acquirer)

Lawyer: Richard Thexton

Linklaters

Party: Glencore (Seller)

Lawyer: Ian Hunter

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