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Boyanov & Co Advises Mondelez International on Acquisition of Chipita

Boyanov & Co Advises Mondelez International on Acquisition of Chipita

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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.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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