Freshfields has advised Canada Pension Plan Investment Board (CPPIB) on its acquisition of 40 per cent of Glencore Agricultural Products (Glencore Agri), valuing Glencore Agri at US$6.25 billion

Freshfields has advised Canada Pension Plan Investment Board (CPPIB) on its acquisition of 40 per cent of Glencore Agricultural Products (Glencore Agri), valuing Glencore Agri at US$6.25 billion.

Glencore Agri’s operations include the processing, marketing and global logistics of a diverse range of agricultural commodities, and it employs more than 12,000 people in over thirty countries. The deal will see Swiss company Glencore plc retain the remaining 60 per cent of shares in the business.

Coordinated across twelve offices in Freshfields’ global network, the deal was headed by London-based corporate partners David Higgins and Richard Thexton and Amsterdam-based anti-trust partner Winfred Knibbeler and is expected to be completed in the second half of 2016, subject to regulatory approval.