Herbert Smith has acted for long-term client Associated British Foods (ABF) in a complex international deal that handed advisory roles to firms in nearly 40 countries – including Herbert Smith’s key Euro allies Gleiss Lutz and Stibbe.
ABF – the food and retail business that has annual revenues of around £5bn – will acquire a division of Australian foodstuffs manufacturer Burns Philp & Co in a deal worth $1.35bn (£743m).
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