Starting news article english 23 April 2013

Clifford Chance advises Wilmar in connection with the acquisition of 27.5% of Cosumar

Leading international law firm Clifford Chance has advised Wilmar International, Asia's leading agribusiness group, in its purchase from Société Nationale d'Investissement of a 27.5% equity stake in Cosumar, a company listed on the Casablanca Stock Exchange and third largest producer of sugar in Africa. The transaction amounted to MAD2.3 billion (approximately USD263 million).

Wilmar International is a worldwide leader in the edible oils and sugar business, from origination to distribution and is present in over 50 countries. With a market capitalization of USD18 billion, the group is ranked amongst the largest listed companies by market capitalisation on the Singapore Stock Exchange. Its worldwide turnover for FY2012 was  USD45 billion.

The Clifford Chance legal team advising Wilmar International was led by Casablanca Partner Mustapha Mourahib, who was assisted by Christophe Bachelet (counsel) and Chloe Joachim-de Larivière (associate). Advice was also provided by Paris partner Gilles Lebreton and Thibaut Cambuzat (counsel).