Johannesburg: - Baker McKenzie, together with Webber Wentzel, advised Remgro-owned RCL Foods Limited on the sale of its frozen logistics business, Vector Logistics Proprietary Limited, to a South African subsidiary of A.P. Møller Capital (APMC), a Denmark-registered fund management company. The transaction is valued at ZAR 1.25 billion and will allow Vector Logistics to expand in order meet growing demand for its services across Africa.
Led by Corporate/M&A Partner Angela Simpson in Johannesburg, the Baker McKenzie team included Director Designate Janine Howard and Senior Associate, Dominika Pietrzak.
Angela Simpson commented, "We are pleased to have been part of the team advising leading South African food manufacturer RCL Foods on this significant transaction as it continues to simplify and strengthen its organisation to become a more profitable and sustainable value-added business."
Baker McKenzie is a transactional powerhouse, with more than 2,500 deal practitioners in 45 countries offering leading expertise in the areas most critical for our clients. We excel in complex transactions and cross-border deals – over 70% of our deals are multi-jurisdictional. We are global and local, combining money-market sophistication with local excellence across the African continent.
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