Slaughter and May is advising FS Africa Limited ('FS Africa') on a recommended cash offer for Lonrho plc ('Lonrho') that values Lonrho at approximately £174.5 million.

The transaction, which was announced on 15 May 2013, is to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006.

Lonrho is a conglomerate, operating in Africa, which focuses on the provision of logistics and infrastructure for the agriculture and oil and gas sectors throughout the continent.

FS Africa is a newly incorporated English company that has been established to make the acquisition. FS Africa is jointly owned and controlled by Rainer-Marc Frey and BIH S.A., a company controlled and owned by Thomas Schmidheiny.

Edward Nathan Sonnenbergs advised FS Africa on South African law.

CONTACTS

Corporate and Commercial: Mark Zerdin (partner), Andrew Stevens (associate), Selina Randhawa (associate), Henry Gladwyn (associate); Tax: Gareth Miles (partner), Ed Milliner (associate), Gregory Price (associate); Pensions and Employment: Jonathan Fenn (partner), Sarah Ferguson (associate); Competition: Anna Lyle-Smythe (associate)

http://slaughterandmay.com/news-and-recent-work/recent-work/recent-work…