Allen Overy advises investors on their acquisition of Wilmars stake in Cosumar

Cosumar’s capitalisation is currently estimated at approximately USD1.8 billion. The transaction has received all applicable regulatory approvals, including the merger control clearance.

Back in 2014, Wilmar entered into Cosumar’s share capital by purchasing – with a pool of Moroccan institutional investors – the entire equity stake of Al Mada (ex-Société Nationale d’Investissement). A&O acted on this transaction as the legal advisor of Al Mada and the Moroccan institutional investors.

A&O team in Casablanca, led by partners Hicham Naciri and Yassir Ghorbal, played a key role in this transaction, advising all the investors including Sucden. The extended team included Nathalie Zanardo, counsel, and senior associates Lamya Kerroumi, Zineb El Kouhen and Karim Mernissi. Anti-trust advice was provided by Sanaa Lahrouni, associate for the Moroccan aspects, and by Roxane Hicheri and Clémence d’Almeida, senior associates, for the multi-jurisdictional analysis.

For further information, please contact Amal Ounir in Casablanca on amal.ounir@allenovery.com .

Cosumar’s capitalisation is currently estimated at approximately USD1.8 billion. The transaction has received all applicable regulatory approvals, including the merger control clearance.

Back in 2014, Wilmar entered into Cosumar’s share capital by purchasing – with a pool of Moroccan institutional investors – the entire equity stake of Al Mada (ex-Société Nationale d’Investissement). A&O acted on this transaction as the legal advisor of Al Mada and the Moroccan institutional investors.

A&O team in Casablanca, led by partners Hicham Naciri and Yassir Ghorbal, played a key role in this transaction, advising all the investors including Sucden. The extended team included Nathalie Zanardo, counsel, and senior associates Lamya Kerroumi, Zineb El Kouhen and Karim Mernissi. Anti-trust advice was provided by Sanaa Lahrouni, associate for the Moroccan aspects, and by Roxane Hicheri and Clémence d’Almeida, senior associates, for the multi-jurisdictional analysis.

For further information, please contact Amal Ounir in Casablanca on amal.ounir@allenovery.com .