Domicio dos Santos Neto and Bruno Salama

SNA advise Amaggi on the acquisition of a stake in Milhão

Santos Neto Advogados (SNA) assisted Amaggi on the acquisition of a stake in Milhão Ingredients, a leading industry in special ingredients with its main production center in Goianira, in the State of Goiás.

For the production of over 40 special ingredients, Milhão employs the dry-milling method in corn processing and serves clients such as Nestlé, Kellogg’s, PepsiCo, BRF, M. Dias Branco, and Heineken.

This marks a strategic move for Amaggi, one of the largest conglomerates in the country, already engaged in the production, processing, commercialization, and transportation of agricultural products, among others. With this acquisition, the group enters a new sector, where some of its main competitors are already present.

The transaction is still subject to approval by the Brazilian Antitrust Authority, the Administrative Council for Economic Defense (Conselho Administrativo de Defesa Econômica – CADE).

SNA relied on led partners Domicio dos Santos Neto and Bruno Salama; associates Calvin Yugo Horiuti Kitahara, Vinícius Santos de Andrade Lima and Ana Beatriz Florido Cortes.

Castro Barros advised Milhão Ingredients.