Clayton Utz is advising ASX-listed AACL Holdings Limited ("AACL Holdings") in relation to the proposed sale of its subsidiary AACL Pty Ltd to Glencore Grain Pty Limited, in consideration for funding support and a cash payment not exceeding $8.5 million in aggregate. The transaction will also involve the buy-back by AACL Holdings of Glencore's approximate 16.5% shareholding in AACL Holdings.
18 Sep 2012
