Baker McKenzie has advised Luxembourg-based Moulins de Kleinbettingen on the sale of its entire share in United Bakeries to Penam, a subsidiary of Agrofert Holding. Financial details were not disclosed.
United Bakeries is a bakery group in the Czech Republic with more than 1,000 employees working in 13 bakeries in various parts of the country. In 2018, the company reported sales of CZK 2.2 billion.
Baker McKenzie's Prague-based team included Partner Libor Basl, Senior Associate Lukas Hron, and Associates Dusan Hlavaty and Slavomir Slavik.