Integrites, working with Aramis, has advised the InVivo Group on obtaining merger clearance in Ukraine and Kazakhstan for its EUR 2.2 billion acquisition of the Soufflet Group.
According to the firm, "the deal will allow the InVivo Group to create one of the largest agri-holdings in Europe and the world and expand business in Ukraine where the group owns the largest malt plant and several grain storage and processing facilities."
The InVivo Group is a French agricultural cooperative group with operations in 35 countries across America, Europe, Asia, and Africa.
Soufflet is a French, family-owned food and agriculture group operating in the barley, wheat, rice, and pulses sectors and supporting vine growers. The company is present in 19 countries.
"Agriculture has a major role to play with regards to the dual challenge of increasing production volumes to feed ten billion people while achieving carbon neutrality by 2050 to keep global warming below 1.5 degrees," InVivo CEO Thierry Blandinieres commented. "The acquisition of the Soufflet Group will enable us to accelerate the new agricultural revolution. By investing massively in new technologies, digital technology, precision farming, biocontrol solutions, and, more generally, in innovation, the InVivo Group is becoming one of the cornerstones of the transformation of French agriculture."
The Integrites team was led by Ukraine-based Partner Illya Tkachuk and Kazakhstan-based Managing Partner Kurmangazy Talzhanov.
The Aramis team included Partner Aurelien Condomines and Attorney-at-Law Pierre Galmiche.