Allens Arthur, Blake Dawson Win Roles in $677 Million Deal

Allens Arthur Robinson and Blake Dawson have advised on a $677 million acquisition of a grain business in Australia. Cargill Inc., one of the largest private agribusiness companies in the U.S., has acquired the Australian commodity management unit of AWB Ltd. from Canadian fertilizer and pesticide company Agrium Inc.

Agrium, which paid $1.2 billion for Melbourne-based grain company AWB in December, said at the time of the acquisition it planned to sell the commodity management arm of AWB to Cargill.

An Allens Arthur team led by Sydney partners Carolyn Oddie and Marcus Clark advised Cargill on Australian law issues including transaction documentation, due diligence, and regulatory and employment issues.

A Mayer Brown team led by Washington, D.C., partner Adrian Steel and Brussels partner Jens Peter Schmidt advised Cargill on competition law.

Blake Dawson advised Agrium, with Melbourne partner Tiffany Barton leading its advice on the deal.

Mayer Brown previously represented Cargill in an investment dispute with the Mexican government over the country’s taxes and stringent import requirements, leading to a $77 million judgment in Cargill’s favor.