Gleiss Lutz advises Syngenta on divestment of global sugar beet seeds business
Gleiss Lutz advises the Swiss agrichemicals group Syngenta on the divestment of its global sugar beet seeds business The purchaser is Danish DLF Seeds A/S. The closing of the transaction is still subject to customary approval requirements (including local employee consultation procedures) and expected to take place by the end of third quarter of 2017. The parties have agreed not to disclose the purchase price.
Gleiss Lutz advised Syngenta comprehensively on this transaction and coordinated the work of the law firms involved in a total of 24 relevant jurisdictions.
DLF is a global seed company with around 800 employees at 13 sites worldwide. It is owned by a cooperative of 3200 Danish farmers.
With a workforce of more than 28,000 across 90 countries, Syngenta is one of the largest agrichemical groups worldwide. Gleiss Lutz is one of the key legal advisors of Syngenta and most recently assisted it with the merger and investment controls involved in the takeover of the group by the Chinese ChemChina, the planned sale of the global flower and vegetable seed business, as well as the acquisition of the Swedish Lantmännen Group‘s winter wheat and winter oilseed rape businesses.
The following team of Gleiss Lutz lawyers advised Syngenta on the sale of the sugar beet seeds business: Dr. Patrick Kaffiné (partner, Frankfurt), Dr. Rainer Loges (partner, Munich, both lead, both corporate/M&A), Dr. Stefan Mayer (partner, tax), Dr. Thomas Winzer (partner, employment, both Frankfurt), Dr. Ingo Brinker (partner, competition/antitrust, Munich), Dr. Jacob von Andreae (partner, public law, Düsseldorf), Dr. Matthias Werner (counsel, IP/IT, Munich), Dr. Tobias Johannes Abend (employment, Frankfurt), Dr. Iris Benedikt-Buckenleib (counsel, competition/antitrust, Munich), Dr. Markus Martin (corporate/M&A, Stuttgart), Dr. Johannes Wittmann, Dr. Markus A. Braun, Lucie von Haller (all corporate/M&A, Munich), Christian Heinrichs (tax, Frankfurt).