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Target
Fondomonte S.A.
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Our Role
Advisor to seller
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Seller and Location
Private shareholders of Fondomonte S.A., Luxembourg
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Activity
An agribusiness company that owns and operates three farms in Argentina, totaling 12,306 hectares
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Acquiror / Investors and Location
Almarai Company Ltd., Saudi Arabia
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Activity
Markets dairy products and fruit juices and is the Gulf's largest dairy firm by market value
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Description of Transaction
Advised Fondomonte S.A. on the sale of the company’s entire share capital to the Saudi Arabia-based Almarai Company Ltd. for approximately USD 83 million. This acquisition should help secure feed sources abroad for its cattle and chicken operations and conserve local resources (i.e. water). Almarai Company is a major integrated consumer food group in the Middle East, with leading market shares in Saudi Arabia and the neighboring Gulf Cooperative Council countries. The transaction was closed prior to new regulation on foreign land ownership being approved in Argentina, a crucial factor in successfully closing the transaction.
