Source: Asia Business Law Journal
Mitsui & Co. and French Veterinary pharmaceutical company Ceva Santé Animale have formed a new joint venture, Ceva Bussan Animal Health, to strengthen their presence and long-term growth in the Animal Health sector. As part of the agreement, Mitsui transferred 60% of its ownership stake in Bussan Animal Health to Ceva and also made an additional equity investment. The new venture will be established through Mitsui subsidiary Bussan Animal Health and Ceva Japan.
The partnership is designed to expand collaboration between the two companies in several key areas, including the development of new Animal Health products and technologies, expansion into additional markets, and the creation of sustainable long-term value. By combining Mitsui’s market reach and business expertise with Ceva’s global Veterinary pharmaceutical capabilities, the joint venture aims to accelerate innovation and growth within the Animal Health industry.
Global law firm Clifford Chance advised Mitsui throughout the transaction, including structuring the share purchase agreement and shareholder arrangements. Financial terms of the deal were not disclosed.
Read the full story HERE: https://law.asia/clifford-chance-advises-mitsui-ceva-bussan-animal-health-joint-venture-japan/