Global Agribusiness: Deal Activity, April 2016

Our monthly deals-focused report gives you an overview of recent agribusiness M&A news, along with updated trading and transaction multiples. 

In our Food Safety section this month we highlight the importance of food quality and outline four areas where companies can improve the quality of their products.  

Key events from April included:

  • Canada's largest pension fund is set to acquire a 40 per cent stake in Glencore's Agricultural Products Company in a deal worth $2.5bn.
  • Associated British Foods is to acquire the remaining 49 per cent stake in Illovo Sugar in a deal worth $375m.
  • Shanghai Pengxin's $370m bid for S. Kidman & Co has been rejected by the Australian government for a second time and subsequently withdrawn.
  • ChemChina has successfully raised $20bn in bridge loans through a London syndicate to help finance its $45bn acquisition of Syngenta.
  • Almarai is in talks to acquire National Food Products company as part of their planned $5.6bn expansion plan over 2016 to 2020.
  • The Chairman of Agria (NYSE:GRO) has withdrawn his bid to take the company private at a 14 per cent premium to the market.
  • Murray Gouldburn's CEO Gary Helou and CFO Brad Hingle have both resigned following a large profit downgrade.

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Craig Armitage

Craig Armitage

Managing Partner, Te Waipounamu and China Business Group Lead, PwC New Zealand

Tel: +64 21 616 232

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