Pestalozzi advised AGCO in connection with divestiture of Grain & Protein Business
On 1 November 2024, AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, and its wholly-owned subsidiary Massey Ferguson Corp. completed the previously announced sale of AGCO’s Grain & Protein business, which includes the GSI®, Automated Production® (AP), Cumberland®, Cimbria® and Tecno® brands, to A-AG Holdco Limited, an affiliate of American Industrial Partners, pursuant to a Stock and Asset Purchase Agreement entered into on 25 July 2024, for a purchase price of USD 700 million, subject to customary working capital and other adjustments.
Pestalozzi advised AGCO as to matters of Swiss law in this transaction with a multi-disciplinary team.