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Media Release: Clayton Utz advises SALIC on its successful Australian farming acquisition

10 Apr 2019

Perth, 10 April 2019: Clayton Utz has advised the Saudi Agricultural Livestock Investment Company (SALIC) on its acquisition of an aggregation of over 200,000 hectares of farmland in Western Australia’s wheat belt. SALIC is owned by the public investment fund of the Kingdom of Saudi Arabia.

The aggregation of farmland purchased by SALIC comprises 76,000ha of freehold land and 134,000ha of leasehold land, and also carries 40,000 Merino sheep. The acquisition is SALIC’s first in Australia.

Corporate partner Mark Paganin and special counsel Scott Girdler led the firm’s team, with key support from lawyers Benjamin Depiazzi, Amy Watson and Nic Rawlinson.

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Agribusiness and Food Corporate / M&A Foreign Investment in Australia
Disclaimer
Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.