Avellum Аdvises Canada Pension Plan Investment Board on Acquiring 40% Stake in Glencore Agri
Avellum, Kyiv, Ukraine
Wed, May 4, 2016
Kyiv, 4 Мay 2016 - Avellum advised Canada Pension Plan Investment Board (CPPIB) on acquisition by CPPIB of a 40% stake in Glencore Agricultural Products (“Glencore Agri”), estimated at US$6.25 billion. The international law firm Freshfields Bruckhaus Deringer led the transacton at global level, while Avellum advised on Ukrainian law matters.
Avellum advice covered real estate and contractual due diligence of Illichivsk Grain Terminal, the largest asset of Glencore Agri in Ukraine. This terminal is one of the biggest terminals located in Illichivsk Sea Port.
Glencore Agri is a globally integrated grain and oilseed business primarily focused on grains, oilseeds products, rice, sugar, pulses and cotton with activities including origination, processing, storage, logistics and marketing. It has significant presence in Ukraine.
CPPIB is a professional investment management organization that invests the funds on behalf of 19 million contributors and beneficiaries. In order to build a diversified portfolio of Canada Pension Plan assets, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments.
Avellum team working on this project was led by the Managing Partner, Mykola Stetsenko, with significant support from Associates, Yuriy Zaremba and Dmytro Symbiryov.