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Singapore-listed QAF sells primary production business
Singapore Exchange-listed QAF has secured the sale of its primary production business to a wholly owned subsidiary.
Naomi Neilson
Firm: Allens (QAF Limited)
Value: $175 million.
Area: M&A.
Key players: The team was led by partner Mark Malinas with assistance from managing associate Hannah Biggins and associate Vincent Pang. They also had support from competition, consumer and regulatory partner Jacqueline Downes and James Somerville and projects and development partner Bill McCredie.
Deal significance: The sale included 100 per cent of Rivalea Holdings Pty Ltd and 100 per cent of Oxdale Dairy Enterprise Pty Ltd, the combined group being an integrated pork producer in Australia with feed mills, pig genetics, pig breeding, grower farmers and pork processing plants.
Allens advised on all aspects of the sale, including anticipated regulatory approvals.
Mr Malinas commented: “We are pleased to have continued our longstanding relationship with QAF and its Australian businesses Rivalea and Oxdale to advise on this important strategic sale.”
Naomi Neilson
Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly.
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