Allens has advised Lactalis, the world's largest dairy company, on the proposed acquisition of Fonterra's global consumer and associated businesses for NZ$4.22 billion.
The transaction is one of the largest in New Zealand corporate history and encompasses Australian household brands such as Mainland, Perfect Italiano, Western Star and Bega, as well as operations in Australia, New Zealand, Sri Lanka, Southeast Asia and the Middle East.
Allens acted on all Australian aspects of the transaction, including assisting Lactalis to obtain confirmation from the ACCC that it would not oppose the proposed acquisition following its initial informal review.
The proposed acquisition is subject to certain conditions, including approval by farmer shareholders and receipt of certain final regulatory approvals.
Allens advised Lactalis alongside Freshfields, Bell Gully, Rothschild & Co, Cameron Partners and Deloitte.
