Zen-Noh Grain Corporation’s Acquisition of a 33% Stake in Amaggi – Louis Dreyfus Co. Joint Venture


Warde and Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised on the transaction

Zen-Noh Grain Brazil finalized the acquisition of a 33% interest in Amaggi and Louis Dreyfus Co. existing Brazilian joint venture.

Each of the companies will hold a 33% stake in the joint venture, which comprises the grain origination and port terminal businesses operated by the wholly owned subsidiaries Amaggi & LD Commodities S.A. and Amaggi & LDC Terminais Portuários S.A. in the Brazilian states of Maranhão, Tocantins, Piauí, and Bahia (a region known as Matopiba).

Zen-Noh Grain Brazil is the Brazilian subsidiary of Zen-Noh Grain Corp., which is the subsidiary of Japanese agricultural cooperative, Zen-Noh (National Federation of Agricultural Cooperative Associations). The company exports about 13 million tonnes per year of grains, beans and their byproducts through its export elevator in the U.S. Gulf. Zen-Noh is one of the largest agricultural cooperative organizations in the world with its 993 member cooperatives, and is in charge of supplying agricultural inputs and marketing agricultural products with more than $50.5 billion of consolidated revenue.

Founded in 1977, Amaggi is present in all regions in Brazil, as well as in Argentina, China, the Netherlands, Norway, Paraguay and Switzerland. Currently, the company is active in logistics, energy, agricultural production, commodities and shipping, and directly employs more than 4,800 people.

Louis Dreyfus Co. is a leading merchant and processor of agricultural goods. The company leverages its global reach and extensive asset network to serve customers around the world. The company’s activities span the entire value chain from farm to fork, across a broad range of business lines, including oilseeds, grains, rice, freight, finance, coffee, cotton, sugar, juice, dairy, fertilizers and inputs and metals.

Warde Advogados advised Zen-Noh Grain Brasil Holdings Ltda. with Walfrido Warde (Picture), Diogo Nebias and Pedro Benradt.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados advised Amaggi Exportação and Importação Ltda. and Louis Dreyfus Company Brasil S.A. with Maria Fernanda de Almeida Prado e Silva, Raphael Yukio Hayakawa da Costa, João Marcelino Cavalcanti Júnior and Patricia Travassos Marto.

Involved fees earner: Walfrido Jorge Warde Júnior – Warde Advogados; Pedro Henrique Adoglio Benradt – Warde Advogados; Diogo Octavio Nebias – Warde Advogados; Maria Fernanda de Prado e Silva – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Raphael Yukio Hayakawa da Costa – Mattos Filho Veiga Filho Marrey Jr & Quiroga; João Marcelino Cavalcanti Júnior – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Patricia Travassos Marto – Mattos Filho Veiga Filho Marrey Jr & Quiroga;

Law Firms: Warde Advogados; Mattos Filho Veiga Filho Marrey Jr & Quiroga;

Clients: Louis Dreyfus Corporation; Zen-Noh Grain Corp.; Amaggi Exportação e Importação Ltda.;

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Author: Ambrogio Visconti.