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9 February 2018

Stehlin & Associés advises the Mimran Group on the sale of Les Grands Moulins de Dakar & Les grands Moulins d’Abidjan to Seaboard Overseas Limited

Stehlin & Associés M&A team (Marc Pierre Stehlin and Cyrille Boillot) has advised the Mimran Group on the sale to Seaboard Overseas Limited of the Grands Moulins de Dakar, the leading milling actor in Senegal, and the Grands Moulins d’Abidjan, the leading flour producer in the Ivory Coast, for approximately €317 million.

This transaction is one of the largest M&A deals of 2017 on the African continent. This operation will enable the acquirer to expand its freight and trade opportunities while respecting the culture instilled by the Mimran Group over the years.

Les Grands Moulins de Dakar, the historic company of the Mimran Group, is today one of the largest agri-food companies in West Africa. A leader since their creation, Les Grands Moulins de Dakar has covered most of the flour needs of the Senegalese market.

Les Grands Moulins d’Abidjan was founded in 1963, shortly after the independence of the Ivory Coast. With a turnover of over €75 million and more than 250 employees, Les Grands Moulins d’Abidjan plays a leading role in the Ivorian economy.

The Mimran Group is one the leading agri-food groups in West Africa, operating sugar refining, flour milling and animal feed businesses. The Mimran Group was established more than 60 years ago by the Mimran family and its main companies in flour milling and sugar refining include Les Grands Moulins de Dakar, Les Grands Moulins d’Abidjan, and Compagnie Sucrière Sénégalaise.

Seaboard Overseas Limited, a wholly-owned subsidiary of Seaboard Corporation, is a listed Fortune 500 Company in the United States, operating globally through a network of integrated industrial service oriented companies, with net sales of over $5 billion per year. Its main activities include processing and production of premium pork and turkey products, containerized shipping, and international grain processing and trading.