Clifford Chance

Clifford Chance and He Ping advise dsm-firmenich on its shareholding increase in Andre Pectin to 90.5%

Global law firm Clifford Chance and Shanghai He Ping Law Firm* have advised dsm-firmenich on the acquisition of 15.5% of total shares in Yantai DSM Andre Pectin Co., Ltd. (Andre Pectin) from Shandong Andre Group Co., Ltd.. The transaction increases dsm-firmenich's shareholding in Andre Pectin from 75% to 90.5%.

Read more about the transaction here.

The Clifford Chance team advising on the transaction includes partner Gregory Crookes, supported by Tamlin Higgins, Pieter Leefers and Jingya Hu. The team from Shanghai He Ping Law Firm provided PRC law advice, led by Glen Ma, with support from Jay Liang, Wu Shuang and Irene Zhang.

Headquartered in Switzerland and the Netherlands, and listed on the Euronext Amsterdam, dsm-firmenich is a leading global nutrition, health and beauty company with operations in almost 60 countries.

Andre Pectin, founded in 2003 and headquartered in Yantai, Shandong Province, China, is one of the largest producers of apple and citrus pectin, a key ingredient used in food, beverages and personal care products.

Clifford Chance recently advised dsm-firmenich on the sale of its stake in Feed Enzymes Alliance to its partner Novonesis for €1.5 billion, the sale of its MEG-3® fish oil business to KD Pharma Group and the sale of its yeast extract business to Lesaffre.

* Clifford Chance LLP and Shanghai He Ping Law Firm have established a Joint Operation in the China (Shanghai) Pilot Free Trade Zone under the name Clifford Chance LLP and Shanghai He Ping Law Firm (FTZ) Joint Operation Office with the approval of the Shanghai Bureau of Justice.