China National Agrochemical Corporation’s Acquisition of 40% stake in Tel Aviv-based Adama Agricultural Solutions Ltd.


Simpson Thacher represented China National Agrochemical Corporation (“CNAC”), a wholly owned subsidiary of ChemChina, in connection with its acquisition of 40% stake in Tel Aviv-based Adama Agricultural Solutions Ltd. (“Adama”), one of the world’s leading crop protection companies, from Koor Industries Ltd. (“Koor”). The consideration for Koor’s 40% stake consists of $230 million in cash and the assumption of approximately $1.17 billion in debt.

Following the consummation of the transaction, CNAC is now the sole shareholder of Adama.

The Firm also represented CNAC in its initial acquisition of 60% stake in Adama from Koor for $2.4 billion in October 2011.

The Simpson Thacher team includes Shaolin Luo (Picture), Yang Wang and Amy Liu (M&A – Beijing); David Vann, Etienne Renaudeau and John Skinner (Antitrust – London); Peter Guryan and Ellen Frye (Antitrust – New York); Jonathan Mincer (Antitrust – Palo Alto); and Chris Bell (Banking and Credit – New York).

Involved fees earner: Shaolin Luo – Simpson Thacher & Bartlett; Yang Wang – Simpson Thacher & Bartlett; Lupeng Amy Liu – Simpson Thacher & Bartlett; David Vann – Simpson Thacher & Bartlett; Étienne Renaudeau – Simpson Thacher & Bartlett; John Skinner – Simpson Thacher & Bartlett; Peter Guryan – Simpson Thacher & Bartlett; Ellen Frye – Simpson Thacher & Bartlett; Jonathan Mincer – Simpson Thacher & Bartlett; Christopher Bell – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: China National Agrochemical Corporation;

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Author: Michael Patrini