The Linklaters Competition group (Anne Wachsmann, partner, and Bastien Thomas) advised Tereos on its two most recent international development projects in China (creation of a second joint venture with Wilmar International) and in Romania (acquisition of Ludus sugar plant).
The relationship between the Linklaters Paris Corporate group (Thierry Riguet, partner) and Tereos, a major European player in the sugar, starch and liqueur industries, began in 2002 with the acquisition of Béghin-Say by Union SDA which led to the creation of Tereos.
Recently, Tereos boosted its development in Asia through the creation of a second joint venture vehicle Wilmar International, in the sector of wheat starch and its derivatives. This operation, which follows the establishment of a first joint venture in the wheat starch sector in 2012, will enable the group to accompany the exponential development of food industries in China and, more broadly, in South-East Asia. Linklaters Shanghai (Nicola Mayo, partner, and John Xu) advised Tereos on these two transactions.
With a turnover of over 5 billion euros last year, Tereos is a brilliant example of international success achieved by a French group.
Linklaters has advised the Tereos group on several projects in recent years, including:
* the creation of two joint ventures with Wilmar International in China (2012-2013)
* the sale of Hubau (which became Ternoveo) by Tereos (2011)
* the reorganisation of part of Tereos’ cereal and sugar assets and the creation of Tereos Internacional, world leader in agro-food and bio-energies created through the combination of its Brazilian subsidiary Açucar Guarani with its European cereal assets and its sugar cane assets in the Indian Ocean (2010)
* the acquisition by the Tereos group of a controlling interest in Sena Holding Limited, a Mauritian holding company which owns a sugar plant in Mozambique (2006)
* the purchase by Tereos of Edison SpA’s stake in the share capital of Açucar Guarani (2006)
Moreover, Linklaters has assisted the Tereos group since 2007 with its debt financing and refinancing.
http://www.linklaters.com/News/LatestDeals/2013/Pages/Linklaters-advise…
