Clifford Chance advises Mitsui on African investment
Clifford Chance advised Mitsui & Co., Ltd. (Mitsui) on its proposed JPY 30 billion investment in ETC Group Limited (ETG).
With its headquarters in Dubai, ETG has business bases in 330 locations across 36 countries, concentrated mainly in East Africa and countries bordering the Indian Ocean, and a wide-range of business operations which include agricultural products, sales of agricultural supplies (such as fertilizers, agrochemicals and seeds), as well as the manufacture and sale of foodstuffs.
Mitsui has specified ‘Nutrition and Agriculture’ as one new growth area in which it possesses considerable strength.
Lead Partner, Jason Mendens said, "We are honoured Mitsui turned to us for such a strategically important mandate. This is another fine illustration of our Africa team's ability to execute complex, cross-border African M&A transactions."
The Mitsui deal team said, "We are very appreciative of Jason and the Clifford Chance team's skill and effort in advising Mitsui on this important African mandate."
The Dubai-based Clifford Chance team also included Deniz Tas, Zahra Shahab, Osama Lone, Elizabeth Wood and Shayan Najib.