Boyanov & Co has advised Mondelez International on Bulgarian law aspects of its approximately-USD 2 billion acquisition of Greek snacking company Chipita S.A. from the Olayan Group, Spyros Theodoropoulos, and several unidentified individuals.
According to Boyanov & Co, “MDLZ, selling snack food and beverage products, plans to fund the deal with existing cash and new debt issuance. Chipita produces and markets savory 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.”
Boyanov & Co’s team included Partner Yordan Naydenov and Senior Associates Mihail Vishanin and Violeta Kirova.
Boyanov & Co could not provide more information on the deal.