Harmos Horton Lusk advised NZX Main Board/ASX dual-listed The a2 Milk Company Limited on its August 2018 acquisition of 8.28% of the shares in Synlait Milk Limited for $161.8 million. The shares were acquired from Tokyo-listed Mitsui & Co., Ltd which invests in businesses across a number of different sectors.
The acquisition took a2MC’s total shareholding in Synlait to 17.39% with Mitsui & Co. retaining a 0.1% holding in Synlait.
a2MC’s Managing Director Jayne Hrdlicka said that the investment in Synlait was consistent with the company’s commitment to long-term supply arrangements with high quality partners.
Harmos Horton Lusk director Andrew Harmos and senior associate Annie Steel led the team that advised a2MC on the transaction.
Annie Steel will be appointed as a director of Harmos Horton Lusk on satisfaction of Law Society requirements.