Legal DealFolio - Sime Darby Plantation Acquisition of New Britain Palm Oil

Clifford Chance advised Sime Darby Plantation Sdn Bhd (Sime Darby Plantation), a wholly-owned subsidiary of Sime Darby Berhad, on its proposed acquisition of New Britain Palm Oil Limited (NBPOL). The cash offer of GBP7.15 per share to acquire all the voting shares in NBPOL valuing the company at GBP1.07 billion (approx. USD1.74 billion), is subject to satisfaction of a number of conditions including EU merger clearance and a minimum acceptance level which would provide Sime Darby Plantation with at least 51% of NBPOL's voting shares. NBPOL, a company located in Papua New Guinea (PNG ) with a primary listing of its shares on the Port Moresby Stock Exchange and a secondary listing on the London Stock Exchange, is one of the world's leading producers of sustainable palm oil. It has a vertically integrated operation in PNG and the Solomon Islands and is also the largest domestic sugar and beef producer in PNG. Lee Taylor was assisted on this transaction by associate Calum McKeen in Singapore. Additional support was provided by Corporate partner Lee Coney and Antitrust partner Jenine Hulsmann in London.

Deal Date:	09-10-2014	Practice Area:	Corporate and M&A
Deal Title:	Sime Darby Plantation Acquisition of New Britain Palm Oil	Industry:	Food Producers
Description:	Clifford Chance advised Sime Darby Plantation Sdn Bhd (Sime Darby Plantation), a wholly-owned subsidiary of Sime Darby Berhad, on its proposed acquisition of New Britain Palm Oil Limited (NBPOL). The cash offer of GBP7.15 per share to acquire all the voting shares in NBPOL valuing the company at GBP1.07 billion (approx. USD1.74 billion), is subject to satisfaction of a number of conditions including EU merger clearance and a minimum acceptance level which would provide Sime Darby Plantation with at least 51% of NBPOL's voting shares. NBPOL, a company located in Papua New Guinea (PNG ) with a primary listing of its shares on the Port Moresby Stock Exchange and a secondary listing on the London Stock Exchange, is one of the world's leading producers of sustainable palm oil. It has a vertically integrated operation in PNG and the Solomon Islands and is also the largest domestic sugar and beef producer in PNG. Lee Taylor was assisted on this transaction by associate Calum McKeen in Singapore. Additional support was provided by Corporate partner Lee Coney and Antitrust partner Jenine Hulsmann in London.
Financial Center:	Singapore	Value:	1000.01-5000.00
Advised Party:	Acquiror	Law Firm	Clifford Chance
Target Company Jurisdiction:	Malaysia	Acquiror Jurisdiction:	Indonesia
Classification:	Strategic Buyer Acquisitions Private Company	Lawyer	Lee Taylor

Practice Areas -

Corporate and M&A Law Firms and Lawyers

Practice Areas - Corporate and M&A Law Firms and Lawyers