Neovia Signs Exclusive Sale Agreement with Archer Daniels Midland for €1.5 Billion
July 03, 2018
PARIS – Dechert LLP advised the shareholders of Neovia, majority owned (67.5%) by the group InVivo, on an exclusive negotiation agreement with Archer Daniels Midland Company (ADM).
ADM made a firm offer to acquire 100% of Neovia valuing the company at €1.535 billion. The offer presented by ADM also covers the minority shares held by Eurazeo, Unigrains, Future French Champions and IDIA Capital Investissement.
Neovia’s shareholders are advised on the legal aspects of the contemplated transaction by Dechert LLP. The Paris-based team is led by corporate partners Alain Decombe and Ermine Bolot, assisted by:
- On corporate aspects: Guillaume Briant (senior associate) as well as Magali Stuber, Vianney Toulouse and Claire Tanguy (associates);
- On antitrust aspects: Mélanie Thill-Tayara (partner), Laurence Bary (national partner) and Raimbaut Lacoeuilhe (associate);
- On tax structuring aspects: Bruno Leroy (partner).
ADM is advised on legal aspects by Baker McKenzie.
Read the French press release »
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