MCRM counsels Bunge on Viterra acquisition
Mitrani Caballero & Ruiz Moreno has counselled Bunge Limited in Argentina on an agreement to acquire Viterra Limited for more than US$30 billion.
Under the terms of the agreement, Viterra’s shareholders, Glencore and CPP Investments, will receive approximately 65.6 million Bunge shares, with an aggregate value of approximately US$6.2 billion, and approximately US$2 billion in cash, representing a consideration of approximately 75% in Bunge shares and 25% in cash. As part of the transaction, Bunge will assume $9.8 billion of Viterra debt, which is associated with approximately $9 billion of highly liquid stock.
This transaction will create a diversified global agribusiness solutions company, strengthening Bunge’s market position.
MCRM’s corporate team was led by partners Siro Astolfi (pictured top left) and Aixa Sureda (pictured top centre), together with associates Fiorella Belsito and María José Fernández Ruiz. Partner Corina Laudato (pictured top right) and associates Juan Manuel Iglesias Mamone and Leonel Palomares advised on Tax matters; partner Esteban Valansi (pictured bottom left) and associate Alejandra González on Labour matters; and partner Laura Lede (pictured bottom right) on Regulatory matters.
