Asian agribusiness group company Wilmar has divested its shares in a Moroccan sugar-producing company, with Allen & Overy and Clifford Chance playing key legal advisory roles.

Wilmar, headquartered in Singapore, had earlier this year entered into an agreement with several Moroccan investors to dispose of its entire 30.05% equity shareholding in Cosumar for 5.9 billion Morrocan dirham ($593 million).