30 Nov 2012

Clayton Utz advises Ridley Corporation on $150 million Cheetham Salt sale

Melbourne, 30 November 2012: Clayton Utz has advised ASX-listed Ridley Corporation Limited ("Ridley Corporation") on the sale of Cheetham Salt Limited ("Cheetham Salt") to Hong Kong based CK Life Sciences Int'l, (Holdings) Inc., for $150 million. The sale was announced to the market on 29 November 2012.

Clayton Utz Melbourne Corporate partner Michael Linehan led the firm's team, which included senior associate John Brewster and lawyers Quentin Reidy and Angela Manolakos.

This is the latest in a series of strategic corporate transactions on which Clayton Utz has provided legal advice and support to Ridley Corporation, Australia's leading provider of high performance animal nutrition solutions and value-added solar salt.

Earlier this month, Michael Linehan led a Clayton Utz team that advised Ridley Corporation on its $77 million acquisition of BPL Melbourne, Victoria's leading renderer of poultry and mammalian waste products. Clayton Utz has also advised Ridley Corporation on its acquisitions of the Camilleri rendering business, the LNT business, and its divestment of the Corowa feed mill.

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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.