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DORDA advises on Austrian aspects of IFCO takeover

Tuesday, 5 March 2019

Under the lead of corporate M&A partner Christian Ritschka, DORDA advised on the acquisition of food logistics company IFCO Systems by private equity fund Triton and ADIA, a wholly-owned subsidiary of the Abu Dhabi Investment Authority. As local counsel of Latham & Watkins, DORDA covered the legal aspects regarding the Austrian IFCO comapny. The seller of IFCO is the Australian pallet and container manufacturer Brambles Limited. The transaction is subject to approval by the competent regulatroy authorities.

IFCO is the leading global provider of reusable packaging solutions for fresh foods, servicing customers in more than 50 countries. IFCO operates a pool of over 290 million Reusable Plastic Containers (RPCs) worldwide, which are used for over 1.3 billion shipments of fresh fruit and vegetables, meat, poultry, seafood, eggs, bread, and other items from suppliers to grocery retailers every year.

Brambles Limited is an Australian company specialising in the pooling of unit- load equipment and associated services. Brambles employs more than 14,000 people worldwide and over around 500 million pallets, crates and containers through a network of around 850 service centres.

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