ASSOCIATED BRITISH FOODS
Bowmans advised Associated British Foods plc (ABF) in respect of the acquisition of the entire issued share capital of Illovo Sugar Limited, not already owned by ABF’s wholly owned subsidiary, in a transaction valued at ZAR 5.6 billion. We assisted with implementing the transaction, provided pre-and post-closing legal support. Illovo Sugar has a number of subsidiaries in Africa jurisdictions, such as Zambia, Tanzania, Mozambique, Swaziland and Malawi. We seamlessly managed the legal elements of the transaction across these jurisdictions.