News & Deals

Lawyers

boyanov-co-advised-mondelez-international-on-the-acquisition-of-chipita-s-a

BOYANOV & Co. Advised Mondelez International on the Acquisition of Chipita S.A.

BOYANOV & Co. advised Mondelez International (MDLZ) on all Bulgarian law aspects in the acquisition of the Greek snacking company Chipita S.A. for approximately USD 2 billion (press release).

MDLZ selling snack food and beverage products, plans to fund the deal with existing cash and new debt issuance.

Chipita produces and markets savoury and sweet snacks. The company’s portfolio of croissant and baked snack brands includes 7Days, Chipicao and Fineti. It generated revenues of approximately USD 580 million in 2020.

The transaction is subject to certain closing purchase price adjustments, relevant antitrust approvals and closing conditions.

BOYANOV & Co.’s team was led by the Head of the M&A and Corporate Practice Groups Yordan Naydenov and included also the senior associates Mihail Vishanin and Violeta Kirova.

 

Copyright picture: Mondelēz International

Practices