Americold Realty Trust Announces Strategic Acquisition of Agro Merchants Group.

October 23, 2020 – Americold is the world’s largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. They announced today that it has entered into a definitive agreement to acquire privately held Agro Merchants Group (“Agro”) from an investor group led by funds managed by Oaktree Capital Management, L.P. (“Oaktree”) for a total of $1.740 billion.

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Agro is the fourth largest temperature-controlled warehouse company globally, the third largest in Europe, and the fourth largest in the United States.
The acquisition of Agro represents a unique opportunity to acquire an institutional-quality global portfolio that facilitates our strategic entry into Europe. This strategic transaction
provides exciting long-term growth opportunities through our ability to implement the Americold Operating System and commercial business rules across the Agro platform.

King & Spalding LLP and Freshfields Bruckhaus Deringer are acting as legal advisors to Americold.
Latham & Watkins LLP is acting as legal advisor to Agro Merchants Group, and Lexence has assisted Latham & Watkins LLP.

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