CMS has advised logistics company Fresh and Food Logistics on the acquisition of the logistics activities of Froneri, a joint venture of Nestle and R&R for production of ice-cream, frozen foods, and dairy products in Sofia and Varna, Bulgaria. Djingov, Gouginski, Kyutchukov & Velichkov advised Froneri on this deal.
The deal was signed at the end of December 2018 and the acquisition of the respective assets from Fresh and Food Logistics is expected to be completed by 2024.
The CMS team was led by Partner Kostadin Sirleshtov and included Senior Associates Jenia Dimitrova and Maria Lazarova and Trainee Zornitsa Stoykova.
The DGKV team included Partner Zdravka Ugrinova and Senior Associates Maya Mircheva and Lilia Kisseva.