Group Vandamme Sells Hungarian Businesses to ADM
Deal News | Feb 17, 2025 | CEE Legal Matters
Schoenherr and Argo have advised Group Vandamme on the divestment of its Hungarian operations to ADM, with Baker McKenzie representing the latter. The transaction involved Vandamme Hungaria, Aserco, and Dunalys Ingatlanforgalmazo. Key legal advisors on this deal included Schoenherr's Partner Kinga Hetenyi and Baker McKenzie's Partner Akos Fehervary.
Sectors
- Agriculture
- Legal Services
Geography
- Hungary – The transaction involves the sale of Hungarian activities and companies like Vandamme Hungaria.
- Belgium – Group Vandamme, the seller, is a Belgian company.
Industry
- Agriculture – Group Vandamme is involved in the production and refinement of agricultural products.
- Legal Services – Legal advisory role played by Schoenherr and Baker McKenzie in facilitating the transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Group Vandamme | Selling Company (Vendor) | Company | A Belgian group involved in the agricultural sector. |
| ADM | Bidding Company (Buyer) | Company | ADM is the buyer acquiring the Hungarian activities from Group Vandamme. |
| Schoenherr | Legal Advisor to the Vendor | Company | Schoenherr advised Group Vandamme in the sale. |
| Baker McKenzie | Legal Advisor to the Buyer | Company | Baker McKenzie advised ADM in the acquisition. |
| Vandamme Hungaria | Target Company | Company | One of the Hungarian entities sold to ADM. |
| Aserco | Target Company | Company | One of the Hungarian entities sold to ADM. |
| Dunalys Ingatlanforgalmazo | Target Company | Company | One of the Hungarian entities sold to ADM. |
| Argo | Corporate Advisor | Company | Argo collaborated with Schoenherr in advising Group Vandamme. |