Multigrain AG becomes wholly-owned subsidiary of Mitsui & Co.

On May 9, 2011, Tokyo-based Mitsui & Co., Ltd. announced the completion of its acquisition of 44.2% of Multigrain AG (MAG) from NASDAQ-listed CHS and 9.7% of MAG from PMG Trading AG for a total consideration of USD 274 million. MAG is involved in the production and distribution of agricultural products.

Lenz & Staehelin advised Mitsui & Co., Ltd. in this transaction. The team included Tino Gaberthüel and Christian Kunz.